Yeah, thanks for that - gross margin guided to 47.5 to 48.5 percent from 49.3, memory the primary driver. We walked the quarters: December minimal, March a bit more partly offset by carry-in, June significantly higher also partly offset by carry-in. Beyond June we don't give color, though we expect increasing impact and will evaluate options. We're a large buyer on the cost-taker side and absorb the hit. Thank you.

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AAPL / Memory costs, walked through in order - and the margin guide cut

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/p/p-day-20260728-aapl-src-aapl-memory-cost-taker-conversation ↗

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2026-07-28T21:39:52.812Z