Tim Cook gives final Apple earnings report, highlights chip supply concerns
On July 30, CEO Tim Cook led his concluding earnings call ahead of his transition to John Ternus. Apple reported third-quarter revenue and earnings that surpassed analyst projections, fueled by a 22% increase in iPhone demand. Additionally, Cook cautioned about a "100-year flood" affecting memory chip costs, a situation that has already led the company to increase pricing for Mac and iPad models.
by shortkt.com✓