CEO John Ternus called memory pricing 'unprecedented' on the earnings call and said the prices Apple pays will keep rising beyond the December quarter. Apple guided December-quarter gross margin to 45% to 46%, down from 47.9% in September, and CFO Kevan Parekh said most of the decline reflects higher memory costs. Apple also said Mac and iPad supply will stay constrained and that its manufacturing purchase obligations rose $33 billion between June and September. Apple's comments confirm pricing power for memory makers such as Micron, SK hynix and Samsung Electronics, while TrendForce expects conventional DRAM contract prices to rise 10% to 15% and NAND flash prices to climb 15% to 20% in the fourth quarter.
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AAPLMicronsemiconductorssupply 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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