Apple CEO warns memory constraints are intensifying

Investing.com -- Apple CEO Tim Cook said Thursday that memory constraints are worsening and will have a growing impact on the company's business.

During the earnings call, Cook told analysts the company faced supply constraints in the latest quarter and expects memory costs to drive an increasing impact going forward. He said Apple will continue to evaluate the situation and look at a range of options.

The comments came as Apple reported quarterly earnings that beat expectations across most metrics, with better-than-expected revenue guidance. The company posted revenue growth of 17% for the fiscal second quarter, exceeding its guidance despite the supply constraints.

Cook said the impact from memory constraints was minimal in the December quarter and increased somewhat in the March period. For the quarter ending in June, he said the biggest impact will be on several Mac models given continued high demand levels.

Meta and Microsoft also said in their earnings reports Wednesday that higher memory prices contributed to elevated capital expenditure forecasts for the year.

When analysts asked what Apple plans to do in response to the memory situation, Cook did not provide specifics, saying multiple times that the company will look at a range of options.

You May Also Be Interested In

• Trump on Iran: we're trying to work out a deal that's fair
• Varonis Said To Weigh Sale After Takeover Interest - Bloomberg
• Backblaze (BLZE) call put ratio 12.9 calls to 1 put with a focus on July 12.50 calls as share price up 40%