Apple Says Even Higher Memory Prices and Siri AI Push Will Weigh On Profits
In his inaugural earnings call as Apple CEO, John Ternus flagged concerns about escalating memory prices and costs associated with advancing Siri's AI capabilities as headwinds that will pressure profit margins going forward. This signals Apple's recognition of both commodity supply challenges and the substantial investment required for AI competitiveness.
Key points
- Rising memory prices expected to pressure profit margins
- Siri AI development investments will impact profitability
- Warning comes from new CEO John Ternus's first earnings call
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