Apple shares hit an all-time high on July 13, closing at $317.31 after an intraday peak of $323.45, as an AI-driven memory shortage squeezes low-end smartphone makers. According to BeInCrypto, global smartphone shipments fell 6.7% last quarter, but Apple grew 15.3% and posted record shipments as memory chip prices rose close to 300% over the past year.
IDC said Apple and Samsung were the only top-five vendors to grow, up 15.3% and 8.1%, while Xiaomi fell 26.3%, vivo dropped 19.4% and OPPO slid 17.5%. Apple is in talks with Chinese suppliers CXMT and YMTC to source memory for iPhones sold in China and reports earnings on July 30.
Apple Stock Hits Record as AI Memory Crunch Hits Budget Phones, IDC Says
2026-07-14 08:13:32
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