OriginalSourceGizmodoLeanUnratedCredibilityUnratedPublished03:25 UTCSourceGizmodoLeanUnratedCredibilityUnratedPublished03:25 UTC
“Apple Says Even Higher Memory Prices and Siri AI Push Will Weigh On Profits”
Apple says memory prices will raise costs and AI push impacts margins
Key points
- Apple reports Q4 revenue of $114.48 billion, beating market expectations.
- Executives warn narrower margins due to rising memory chip prices.
- CEO John Ternus notes memory costs will rise in the December quarter.
- AI-related cloud costs for Siri are expected to impact gross margin.
- Apple plans continued AI investments to drive future revenue growth.
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