FinanceCNBC Techabout 1 hour ago
Apple Gross Margin Drops to 45% to 46%
4 min read
Apple CEO John Ternus faces a test as CFO Kevan Parekh forecasts a gross margin between 45% and 46% for the December quarter, missing analyst estimates due to higher memory costs and Siri AI ramp expenses. This marks a third straight decline since June, with shares sliding 3% as the global memory shortage squeezes profits despite record Mac sales.
Level
Hype check
Tap to vote and see what everyone thinks.
In this storyApple
