Apple Reports Supply Constraints and Rising Inventory Costs

Apple faces significant memory supply constraints, leading to a 6% drop in stock price after the company predicted revenue growth of only 9% to 11% for the upcoming quarter.

The company reported $11.1 billion in inventory, nearly double the $5.7 billion held last September, as it struggles to secure advanced memory nodes for A-Series and M-Series processors.

To offset rising production costs, Apple increased prices for Macs and iPads last month, joining other hardware firms like Meta, Samsung, Microsoft, and Sony in raising consumer prices.