Revenue quadrupled to $41.45 billion compared with the same period a year ago. The company's profit, meanwhile, rose from $1.88 billion to an incredible $28.2 billion year-over-year.

Memory chip prices have doubled since October 2025 as AI data centers consume 70% of production, forcing Apple to raise MacBook prices by up to $400.

The AI boom has turned memory chip manufacturers like Micron and SK Hynix from cyclical businesses into a sizzling hot growth sector.