Apple beats estimates but warns on memory chip costs

· Finance · United States

Apple reported fiscal fourth-quarter revenue of $114.5 billion, above Wall Street's estimate of $113.46 billion, with earnings per share of $2.10 topping forecasts, in the first earnings report under new CEO John Ternus. Sales hit a record, but China and iPad sales missed, and the company warned about rising costs from a memory chip shortage while still predicting robust holiday-season sales. The results put component pricing in focus: memory supply constraints are lifting input costs across hardware makers even as demand holds up.

Why it matters：Memory shortages raising costs across hardware makers could squeeze device margins industry-wide and reshape supply contracts into next year.

Key points

  • Revenue of $114.5 billion beat the $113.46 billion estimate.
  • EPS was $2.10, above forecasts.
  • China and iPad sales missed expectations.

Sources (original reporting)

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