The Story
News Summary
- Apple warned of persistent memory chip shortages driving up hardware production costs and squeezing gross margins down to 46.5% in the September quarter.
- Despite anticipated device price increases, higher memory costs driven by data center demand continue to pressure profitability under incoming CEO John Ternus.
Explore AAPL price history & advisor snapshot
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Stored market data
AAPL price history
332.27
+20.75% over the displayed period
Advisor Snapshot
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