Apple Stock Hits a Record as the AI Memory Crisis Guts Cheap Phones

An AI-driven memory crisis is reshaping the global phone market, and Apple stock sits at a record high. Global smartphone shipments fell 6.7% last quarter, yet Apple grew 15.3% and posted record shipments. The reason is cost. Memory chips now sell for nearly triple last year’s price, so budget phone makers raised prices and lost The post Apple Stock Hits a Record as the AI Memory Crisis Guts