Apple today announced that it has reached long-term supply agreements with Hynix, Intel, Micron, Samsung Electronics and Toshiba to secure the supply of NAND flash memory through 2010. As part of these agreements, Apple intends to prepay a total of $1.25 billion for flash memory components during the next three months.
Steve Jobs, Apple's CEO said,
"We want to be able to produce as many of our wildly popular iPods as the market demands."
The NAND flash memory will be used on the popular iPod portable media players. With over 30 million iPods sold already, the iPod is the world's most popular digital music player. |
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