Apple Dodges Question on More Price Hikes as Memory Costs Climb
Apple said higher memory costs and Siri AI expenses will cut December gross margin to 45% to 46%, while it stockpiles inventory.
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7 Articles
Before the Christmas business, Apple can expand its iPhone business. However, the Group is moving into the most important quarter of the year with exploding storage prices and bottlenecks in a parade model.
Apple Dodges Question on More Price Hikes as Memory Costs Climb
Apple expects memory costs to continue to increase in the December quarter and beyond, CEO John Ternus said during today's earnings call. Ternus, COO Sabih Khan, and CFO Kevan Parekh all commented on Apple's struggle with memory. "What we're seeing with memory pricing right now is unprecedented," said Ternus. He said Apple saw higher memory costs in the September quarter, and the December quarter will be worse. "Looking beyond the December quart…
Apple’s inventory surges 154% as memory chip costs climb
Apple’s stockpiling of inventory, particularly computer memory, continued in its fiscal fourth-quarter, according to earnings reported Monday. The company reported that its inventory increased significantly in the quarter, growing from $11.09 billion in Q3 to $14.54 billion in Q4, a jump of 31.1%.…
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