By Heekyong Yang and Hyunjoo Jin
SEOUL, Jan 29 (Reuters) – Apple said rising memory chip prices had started to pressure profitability in the current quarter, echoing warnings from South Korean chipmakers that are diverting production toward higher-margin memory chips that support AI workloads.
“We do continue to see market pricing for memory increasing significantly,” Apple CEO Tim Cook said on Thursday when asked on an earnings call about how the crunch was showing up in the company’s production plans for the year.
While he said the impact of the…

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