{
  "id": 17882133,
  "title": "Apple forecasts margin drop in holiday quarter as rising memory costs bite",
  "url": "https://urgent.news/2026/11/02/apple-forecasts-margin-drop-in-holiday-quarter-as-rising-memory-costs",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-02T21:31:17.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/apple-forecasts-margin-drop-in-holiday-quarter-rising-memory-costs-bite-6514261"
  },
  "original_language": "en",
  "account": "Apple has warned that memory chip costs will continue to rise, putting pressure on gross margin for the important holiday quarter, but the company has taken steps to secure supplies. Shares fluctuated around the announcement of weaker outlook, closing 2% lower. Early demand for iPhone 18 Pro models and higher prices helped the quarter, with gross margin forecast at 45-46% compared to 47.9% in the previous quarter. Services revenue growth was projected at 8-9%, lower than analysts' 10.7% expectations. Apple's CEO John Ternus said supply constraints exist for the iPhone Duo, a new foldable phone, which sold out quickly and caused lines at stores. The company is working to resolve screen issues and increase production. Apple also raised iPhone 17 and MacBook prices to offset higher memory costs. iPhone sales, not including Duo, were $57.58 billion, exceeding estimates. Overall, Apple's fourth-quarter results beat expectations, but the company faces challenges from rising component prices and manufacturing ramp-up.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Apple forecasts rising costs, lower services; shares slip",
        "url": "https://urgent.news/2026/11/02/apple-forecasts-rising-costs-lower-services-shares-slip-17882430",
        "published": "2026-11-02T23:56:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}