Apple Secures Long-term Flash Deal

Apple have announced a long-term deal with Hynix, Intel, Micron, Samsung Electronics and Toshiba to supply NAND flash memory until 2010. As part of the deal Apple will prepay $1.25 billion for flash memory components over the next 3 months.

“We want to be able to produce as many of our wildly popular iPods as the market demands,” said Steve Jobs, Apple’s CEO.

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