Apple Reportedly Fails to Pressure Prices, Unable to Bring CXMT Into DRAM Supply Chain
Apple Inc. (AAPL.US) attempted to introduce CXMT (688825.SH) as its third DRAM supplier to lower future iPhone costs, foreign reports said.
However, CXMT refused to make price concessions, with its quotations similar to or even higher than those offered by Apple's existing suppliers Samsung Electronics and SK Hynix.
Huawei, XIAOMI-W (01810.HK) and other Chinese OEM have already signed long-term supply agreements with CXMT at high prices, leaving CXMT with little incentive to compete for Apple's orders with discounted pricing, sources said.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| XIAOMI (C) |
13152 |
34.88 (-) |
0.112 |
6.6 X |
| XIAOMI (C) |
15558 |
32 (-) |
0.112 |
5.0 X |
| XIAOMI (C) |
14259 |
30.5 (-) |
0.244 |
5.1 X |
| XIAOMI (P) |
15898 |
26.4 (-) |
0.155 |
3.3 X |
| XIAOMI (P) |
15346 |
23.8 (-) |
0.085 |
4.1 X |
| XIAOMI (Bull) |
62461 |
25.6 (26) |
0.022 |
12.6 X |
| XIAOMI (Bull) |
61531 |
24.6 (25) |
0.066 |
8.4 X |
| XIAOMI (Bear) |
53413 |
32.4 (32) |
0.041 |
6.7 X |
| XIAOMI (Bear) |
54218 |
30.9 (30.5) |
0.029 |
9.5 X |
| APPLE (C) |
11132 |
300 (-) |
0.360 |
8.6 X |
| APPLE (P) |
11063 |
248 (-) |
0.021 |
13.8 X |
