$Apple(AAPL)$ Apple is reportedly testing CXMT memory for future iPhones and MacBooks, but there is a major catch. U.S. restrictions reportedly prevent Apple from placing customized chip orders with CXMT, and CXMT's 2026 capacity is already fully booked. Even more interesting, CXMT pricing is reportedly approaching or even exceeding levels from major players like MU, SK Hynix, and Samsung. That raises a bigger question: if supply is already tight and pricing remains elevated, how much room is there for Apple to diversify its memory sourcing? It also gives the bears another angle to attack the memory thesis. But if Apple is actively exploring alternative suppliers, that may simply highlight how strategically important memory has become. Tight supply, surging AI demand, and Apple looking for more capacity adds up to a memory market worth watching closely.