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Tim Cook signed off on his final Apple earnings call with a warning about a ‘hundred year flood’ in memory chip pricing

Apple stock price falls despite record-breaking quarter due to memory chip pricing warning

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The brief

Apple's stock price is down after the company's record-breaking quarter, despite beating expectations. This is due to a weak revenue forecast and concerns over memory chip pricing. CEO Tim Cook warned of a 'hundred year flood' in memory chip pricing, citing an 'increasing impact' from a memory shortage.

The warning comes as Apple navigates supply snags that cloud its outlook. The company's phone revenues and prices are up, according to Counterpoint. The question now is how iPhone demand will be affected by these supply chain issues.

Synthesized by Newsylist from the headlines below under a strict no-invention contract. Updated 1h ago.

Quick answers

Why is Apple's stock price falling?

Despite a record-breaking quarter, Apple's stock price is falling due to a weak revenue forecast and concerns over memory chip pricing.

What did Tim Cook warn about?

Tim Cook warned of a 'hundred year flood' in memory chip pricing, citing an 'increasing impact' from a memory shortage.

How are supply snags affecting Apple?

Supply snags are clouding Apple's outlook, with the company navigating these issues to meet iPhone demand.

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