Yeah, thanks for that - the direction is already visible in the guide: gross margin is guided down to 47.5‑48.5 % from 49.3 % in the March quarter, with memory named as the primary driver. We saw minimal memory impact in December, a bit more in March (partly offset by carry‑in inventory), and expect significantly higher costs in June, also partly offset. Beyond June we don’t give color, though we believe memory will drive increasing impact and we’ll look at a range of options. As one of the world’s largest DRAM and NAND buyers we absorb the cost. 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-20260811-aapl-src-aapl-memory-cost-taker-rotation ↗

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2026-08-11T19:15:36.877Z