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Worried about economic slump
As expected, Apple has cut its flash memory orders for the year, worried the U.S. economy could lessen demand for its gadgets.
Analyst firm iSuppli said Apple has started informing its flash memory suppliers that it's planning to use less flash memory in 2008. To put this in perspective, Apple was planning to purchase 27 percent more flash memory this year than last year.
However, most of Apple's suppliers had expected an increase of more like 32 percent. Apple is the third largest buyer of flash memory among companies that manufacture their own products, according to iSuppli.
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