Apple CEO Tim Cook described the shortage of advanced memory chips as a "once-in-a-century flood," according to Techub, as the company warned that revenue growth for its September quarter is expected to slow to 9% to 11%, down from 16% in the June quarter. The update was followed by an about 5% decline in Apple shares in after-hours trading.
The report said a surge in demand for AI infrastructure is intensifying competition for advanced semiconductor capacity between data centers and consumer electronics manufacturers. Apple has already raised prices for Mac and iPad products in June to pass on higher costs. Investors are now watching whether the company can ease supply pressure by diversifying its supplier base. The item cited CryptoBriefing as the source.
Apple CEO Tim Cook described the shortage of advanced memory chips as a "once-in-a-century flood," Techub reported, as the company said revenue growth for the September quarter is expected to slow to 9% to 11%, well below the 16% posted in the June quarter.
Apple shares fell about 5% in after-hours trading following the update. The report said surging demand for AI infrastructure is driving competition for advanced semiconductor capacity between data centers and makers of consumer electronics.
Apple raised prices for Mac and iPad products in June to pass on costs. Investors are watching whether the company can relieve supply pressure by diversifying suppliers, according to CryptoBriefing.
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