What is Apple investing $3.9 billion in?Rick Merritt
1/18/2011 6:28 PM EST
Apple COO Tim Cook just finished a quarterly earnings call in which he said Apple has struck long term supplier agreements worth $3.9 billion over two years. The company already paid out $650m on the deal in the Dec. quarter and will pay another $1.05B in March. Cook said it was similar to Apple's 2005 flash deal but would not say if it was in flash, DRAM, LCD or what. The money is both pre-payment for components and used for process equipment and tooling. BTW Apple doesn't want to own or run a fab, he said. So what do you think they are buying? I bet its LCD.