Apple management warned that significantly higher memory costs will have an increasing impact on the business beyond the June quarter, leaving the magnitude of the margin threat unquantified. The caution came during the last earnings call, where the company reported record March-quarter revenue of $111.2 billion, up 17%, driven by iPhone sales of $57 billion, a 22% increase. Management confirmed the iPhone 17 family is the most popular lineup in its history for the post-launch period, with customer satisfaction at 99% in the U.S., and guided for June-quarter revenue growth of 14% to 17%. However, when asked how the company would address the cost pressure, management said only that it would look at a range of options, leaving investors to await gross margin guidance in the next earnings report for a concrete signal.
Apple Inc.Apple warned of rising memory costs that could pressure margins.
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