Apple kept stockpiling inventory, especially computer memory, in its fiscal fourth quarter, with inventory rising from $11.09 billion in Q3 to $14.54 billion in Q4, up 31.1% sequentially and 154.3% from $5.72 billion a year earlier. The company forecast a 45%–46% gross margin for the December quarter, largely due to higher memory costs, after posting 47.9% in the September quarter. CEO John Ternus called memory pricing unprecedented and said costs would rise further in the December quarter and beyond, partly offset by earlier price increases on some devices. Manufacturing purchase obligations rose $33 billion from June to the September quarter as Apple works to improve supply. iPad revenue fell 10% year over year to $6.2 billion, below the $6.7 billion analysts expected, which Apple blamed on supply constraints.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Apple’s inventory surges 154% as memory chip costs climb
Read the original on Yahoo Finance ↗
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AAPLsemiconductorssupply chain
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Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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