iPhone group: Expensive memory chips hit Apple during the Christmas season
Before the Christmas shopping season, Apple can expand its iPhone business. However, the company is entering the most important quarter of the year with exploding storage prices and bottlenecks in a flagship model.
Apple's revenue rose 12% to $114.5 billion in the quarter, with iPhone sales up 17.5% to $57.56 billion, beating market expectations. However, the company's outlook for the current quarter was disappointing, with a predicted 7-10% revenue growth and a gross margin of 45-46%, lower than analyst expectations. Apple cited rising memory chip prices, which have increased by a record amount, as a challenge.
The company is also experiencing supply chain issues with its new iPhone Duo, with delivery times currently stretching into January.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
