Apple CEO Tim Cook gives 'clues' on what everyone wanted an update on
Apple CEO Tim Cook acknowledged rising memory chip prices impacting gross margins, expecting further effects this quarter. The tech giant's purchasing teams are reportedly staying near Samsung and SK Hynix factories to secure long-term contracts for iPhone RAM. Despite a 230% jump in memory module costs, Apple's robust services business offers a financial buffer.
Apple CEO Tim Cook acknowledged rising memory chip prices impacting gross margins, expecting further effects this quarter. The tech giant's purchasing teams are reportedly staying near Samsung and SK Hynix factories to secure long-term contracts for iPhone RAM. Despite a 230% jump in memory module costs, Apple's robust services business offers a financial buffer.
