{
  "id": 4166054,
  "title": "Jim Cramer Shared What Apple Inc. (NASDAQ:AAPL) CEO Tim Cook Told Him About Shortages & iPhone Price",
  "url": "https://urgent.news/2026/08/28/jim-cramer-shared-what-apple-inc-nasdaq-aapl-ceo-tim-cook-told-him",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T09:11:48.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/jim-cramer-shared-apple-inc-091148298.html"
  },
  "original_language": "en",
  "account": "Jim Cramer recently shared his conversation with Apple Inc. (NASDAQ:AAPL) CEO Tim Cook regarding the memory supply shortage and its impact on iPhone pricing. Cramer noted that Apple's shares have been rising due to reports that the company is working to secure Chinese DRAMs, which could potentially lower iPhone prices. Cook has mentioned this multiple times, emphasizing the importance of obtaining memory from China as there is a shortage of domestic production. Despite the challenges of sourcing memory, Apple has been working around the clock, including six-day, eight-hour shifts, to meet production deadlines for the first quarter of 2027. However, higher memory prices have led to an overall price increase across all of Apple's products. Apple's earnings for the latest quarter were strong, with iPhone revenue hitting a record $54.3 billion, Mac sales up 29% to $10.35 billion, and Services revenue reaching a June quarter high of $30.7 billion. The company also highlighted that Siri AI will be available on 2.5 billion active devices, indicating a potential upgrade cycle for the iPhone 17. However, Apple's revenue growth guide for Q3 fell short of expectations, landing at 9% to 11% compared to the 12% consensus. This growth concern comes at a time when the industry is grappling with DRAM memory chip shortages, which are driving up prices and affecting margins. Apple is currently trading at a forward P/E ratio of 32.89, leaving little room for error. Hedge fund sentiment in Q2 shows that 169 funds held a stake in Apple, similar to the 170 funds in Q1. Notably, ExodusPoint Capital increased its stake by 984% to $493 million, while Two Sigma Advisors and Viking Global exited their positions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}