Apple today announced that it has reached long-term supply agreements with Hynix, Intel, Micron, Samsung Electronics and Toshiba to secure the supply of NAND flash memory through 2010. As part of these agreements, Apple intends to prepay a total of $1.25 billion for flash memory components during the next three months.
“We want to be able to produce as many of our wildly popular iPods as the market demands,” said Steve Jobs, Apple’s CEO in the press release.
iPod and iTunes are leading the digital music revolution, providing the best way to listen to music on-the-go, at home and in the car. With over 30 million iPods sold, the iPod is the world’s most popular digital music player and the iTunes Music Store is the number one online music store with over 600 million songs purchased and downloaded worldwide. The iPod economy also continues to flourish, with over 1,000 third-party iPod accessories now available.
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