Tuesday, 3 November, 2026
Pricey Chips, Pinched Profits: Memory Spike Dents Apple's Holiday Outlook
By TechShots Studio
Apple warned investors of shrinking profit margins for the upcoming holiday quarter as soaring memory chip costs and server-side AI expenses take a toll. Despite strong overall sales, the company expects gross margins to fall to 45%–46%. The gloomy outlook sent Apple shares sliding 4% after hours, casting a shadow over what is typically its most lucrative shopping season.
Read full story at REUTERS