Apple looking to buy flash storage company for US$400 million

Could Apple's latest spending spree result in a 128GB iPhone? We sure hope so

Apple is negotiating to buy Anobit – an Israel-based flash storage company – for a mighty US$400 million, according to Calcalist.

It's likely Apple was attracted to Anobit's Memory Signal Processing technology (which improves performance and endurance) and we expect to see higher-capacity iDevices and flash storage-only MacBook releases. 128GB iPhone 5? Make it happen Apple.

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