Apple Increases Manufacturing Purchase Obligations by $33 Billion
Apple executives said the company increased its manufacturing purchase obligations by $33 billion to address the memory crunch.
By Rolfe WinklerHuge price increases in the memory markets are forcing Apple to get over its fear of commitment.Three times during its earnings call Monday, executives told analysts that to deal with the memory crunch, Apple increased its "manufacturing purchase obligations" by $33 billion. The exe…