Apple sees margins falling to 45% as memory chip prices keep climbing
Apple's earnings guidance indicated that gross margins would decline to a range of 45-46% in the upcoming holiday quarter, down from 47.9% in the prior period. The company attributed the compression to increasing memory chip prices, which it expects to persist.
Key points
- Gross margin guidance: 45-46% (down from 47.9%)
- Driven by rising memory chip costs
- Holiday quarter forecast affected
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