Jim Cramer Says Tim Cook Wants Chinese DRAM to Lower iPhone Prices

Earnings
โดย Insider Monkey·US·Read original
Summary · why it matters

Jim Cramer revealed that Apple CEO Tim Cook has repeatedly told him the company wants access to Chinese DRAM chips to lower iPhone prices, amid a global memory supply shortage that is driving up costs. Cramer noted that Apple is working to secure Chinese memory because there is not enough made in America, and he visited a plant operating six days a week to meet demand. Apple's iPhone revenue hit a record $54.3 billion, Mac sales surged 29% to $10.35 billion, and Services revenue set a June quarter record of $30.7 billion, while Siri AI is set to roll out to 2.5 billion active devices. However, Apple's September quarter revenue growth guidance of 9% to 11% fell short of consensus estimates of 12%, and the stock trades at a forward P/E of 32.89, leaving little room for error. Hedge fund sentiment showed 169 funds held Apple stakes in Q2, down from 170 in Q1, with ExodusPoint Capital increasing its stake by 984% to $493 million.

Impact on stocks 2

Artificial Intelligence▲ · 2 stocks
© 2026 MarketDXNews