“Samsung and HTC stock have both taken a hit thanks to separate actions instigated by Apple,” Electronista reports. “Samsung’s stock saw $10 billion wiped off its value following a report by DigiTimes indicating that Apple had placed a large order for DRAM from its struggling Japanese competitor Elpida. Separately, HTC’s shares also slumped by over 6 percent following an Apple initiated ITC injunction being enforced by US Customs, stopping the importation of its hotly anticipated One X and EVO 4G LTE handsets.”
“Apple’s new order with Elpida for DRAM is said to have accounted for as much as 50 percent of its production capacity, so large is the size of the deal reportedly struck,” Electronista reports.
“Micron Technology is also said to be in talks to acquire or partner with Elpida, which could pose a serious competitive threat to Samsung’s market leadership,” Electronista reports. “Analysts talking to Reuters suggest that Apple has likely made move as part of a strategic initiative that would improve its bargaining power by helping to keep Elpida alive. Apple’s move has also seen market value wiped from mobile memory maker Hynix as well.”
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