- Apr 12, 2001
Apple announced today that it has reached long term supply agreements with a number of memory supply companies including Hynix, Intel, Micro, Samsung Electronics and Toshiba.
Apple will prepay up to $1.25 billion for flash memory over the next three months. The agreements secure a supply of NAND flash memory through 2010.
Apple now uses Flash memory in two of the iPod models: the iPod shuffle and the iPod nano. Recent reports have hinted that Apple was seeking out more suppliers for the needed Flash memory components for their shuffle/nano iPod products. The traditional 5th Generation Video-capable iPod still uses a hard drive for storage."We want to be able to produce as many of our wildly popular iPods as the market demands," said Steve Jobs, Apples CEO.