Cramer Warns: No Chinese Memory, Higher iPhone Prices Ahead

Jim Cramer warned on CNBC that iPhone prices will rise without Chinese memory supply. He stated that Apple is quietly pushing to source memory from Chinese suppliers because domestic production cannot meet current demand.

Cramer tied this point to his own reporting trip, saying that the DRAM and memory storage supply is constrained. He also mentioned that Tim Cook has told him in private conversations that Apple would prefer to lower iPhone prices if it could secure Chinese memory supply.

The consumer stakes are high, with Cramer stating plainly that 'your price of your cell phone is going up unless we do this.' This implies that a shortage of Chinese memory supply will lead to higher iPhone prices for consumers.