[UPDATE] Nikkei: Apple trims iPhone 18 Pro component orders after memory-driven price hikes cool demand
Nikkei Asia reports, as an exclusive, that Apple has told some suppliers to cut component output for the iPhone 18 Pro and Pro Max. According to the report, memory chip costs pushed Apple to raise prices, and the higher prices dampened demand. For the AI tape, this is a sign of consumer-device demand being lost as AI data centers soak up memory supply, which bears on the memory-cycle peak theme. Points to watch: confirmation from Apple or its suppliers, and comments from memory makers on their next earnings calls. Only Nikkei is reporting this.