FinanceThe Next Webabout 2 hours ago
Apple Margins Fall to 45% Amid Chip Costs
4 min read
Apple expects gross margins to fall to between 45% and 46% in the holiday quarter due to rising memory chip prices. The company reported record September-quarter revenue of $114.5bn, beating analyst expectations of $113.39bn. CEO John Ternus stated memory costs are unprecedented and will likely increase further in the December quarter.
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