Apple CFO says higher memory costs, Siri AI development expenses will affect gross margin

Apple's CFO says higher memory costs and Siri AI development expenses will affect gross margin. Company gross margin was 47.9% and products gross margin 37.2% in the September quarter, both including a ~1pp benefit from tariff refunds; limited margin upside remains as most refunds have been received.

Detected & updated continuously · Source: Nebula