One Analyst Breaks From The Herd, Says Apple’s DRAM Buying Spree Won’t Crush Margins Despite 2.4 Exabyte Appetite

Goldman Sachs’ Michael Ng said worries that Apple’s aggressive DRAM buying will meaningfully squeeze margins are overstated.

He argued that strong iPhone and Mac demand, along with services growth, should offset much of the memory-cost pressure.

The report says Apple may use about 2.4 exabytes of LPDDR5 for iPhones this year.

That supports a less bearish view on Apple, even as its large purchases could affect memory supply and market expectations.