Apple CEO Warns of Rising Memory Costs Impacting Future Margins
Apple CEO Tim Cook warned that memory costs will rise significantly in the coming quarters, impacting the company's gross margins. This comes amid strong demand for memory chips driven by AI, with Micron Technology's stock having surged over 100% year-to-date. The warning suggests ongoing pressure on memory prices and potential long-term challenges for Apple.
Topics: Apple CEO statements memory prices Micron Technology supply chain