Apple Posts Record June Quarter, Warns Supply Constraints Are Coming

Apple announced record revenue for its June quarter, driven by strong product sales. However, the company cautioned that upcoming supply chain limitations could impact product availability and potentially increase component costs.
Key takeaways
- Apple reports highest-ever revenue for its June quarter.
- Supply chain issues are anticipated for future product releases.
- Memory chip prices are expected to rise, impacting hardware costs.
- Potential for increased device prices and limited availability.
Why it matters
Users of AI tools and assistants may experience delays or higher prices for devices and hardware. This could affect the performance and accessibility of AI-powered applications and services that rely on up-to-date technology.
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