Apple Posts Record $109.4B Revenue, Warns of DRAM Shortages Hitting iPhone 18 Margins
AAPL sits 41% above its 52-week low of $219.25.
Summary
Apple reported a record June quarter with revenue up 16% YoY to $109.42B, driven by cloud, AI, and services. However, mobile DRAM shortages are causing packaging delays and inventory buildup ahead of iPhone 18 launches, with component costs potentially jumping ~38% YoY. The company is seeking alternative memory suppliers to mitigate margin pressure. This follows a series of positive and negative developments: the WWDC AI unveiling, China shipment declines, and a $30B Broadcom partnership. The revenue beat is a strong positive, but the supply chain warning introduces near-term risk. Watch for iPhone 18 launch timing and any updates on memory supplier diversification.
At the time of this announcement, AAPL was trading at $309.73 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.6T. The 52-week trading range was $219.25 to $344.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.