Apple has continued its significant investment in flash memory, with the company announcing Tuesday that it recently prepaid $500 million to Toshiba to secure long-term supply of NAND for its mobile devices, a very necessary component in its smartphones.

The half-billion dollar investment came early on in the September quarter, so it was not officially revealed in Tuesday’s Q3 results. However, Apple COO Tim Cook and CFO Peter Oppenheimer discussed the purchase during the earnings conference call.

“We view flash as a very key component for us,” Cook said, “because as you know we use it so many

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