From CNET: Apple is expecting "significantly higher memory costs" heading into the remainder of 2026, CEO Tim Cook said Thursday during Apple's second-quarter earnings call, as the tech giant faces down the memory shortage impacting the rest of the industry.
Cook -- who is stepping down as CEO on Sept. 1 and will be replaced by John Ternus, the company's senior vice president of hardware engineering -- said Apple was partially unaffected by the memory shortage during this quarter, as it already had a lot of devices in stock. But beyond June, costs will rise.
"We believe memory cost will drive an increasing impact on our business, and we'll continue to evaluate this," Cook said. "We'll look at a range of options."
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