Apple Predicts Higher Memory Costs Will Impact Its Q2 Gross Margin Despite Record Earnings
During its earnings call, Apple CEO Tim Cook responded to fast-rising RAM and SSD storage chip prices in the supply chain. He said that rising RAM and storage costs had a limited impact on its financial performance so far. The iPhone maker expects the memory shortage to have a slightly greater effect on the Q2 gross margin. Apple reported record revenue of $143.8 bill...
During its earnings call, Apple CEO Tim Cook responded to fast-rising RAM and SSD storage chip prices in the supply chain. He said that rising RAM and storage costs had a limited impact on its financial performance so far. The iPhone maker expects the memory shortage to have a slightly greater effect on the Q2 gross margin. Apple reported record revenue of $143.8 bill...
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