Apple stock slips as memory costs squeeze margins in Ternus's first earnings report
AIApple forecasts a December-quarter gross margin of 45% to 46%, below the 46.3% analyst estimate, citing higher memory costs and Siri AI ramp costs. Shares fell about 3% in extended trading after a nearly 2% drop during regular hours on Monday.
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CNBC · Technology · cnbc.comPublished · added here
Original title: Apple stock sinks as global memory crisis hurts profits, giving Ternus his first big test