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The global memory crisis played an outsized role in tech earnings season, which hit an apex this week. Apple
CEO Tim Cook warned it’s just the beginning.
“We believe memory costs will drive an increasing impact on our business,” Cook said in the Q&A portion of his company’s earnings call on Thursday after repeatedly telling analysts that the company faced “supply constraints” in the latest quarter. “We’ll continue to evaluate this.”
Apple’s earnings report, which included an almost across-the-board beat and better-than-expected revenue guidance, came a day after Meta and Microsoft said in their results that higher memory prices contributed to their elevated forecasts for capital expenditures for the year.
