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Apple Surpasses Expectations Despite Chip Costs | San Antonio News
Apple just smashed Wall Street’s expectations in its latest earnings report, posting $29.8 billion in profit and $109 billion in revenue — a 16% jump — fueled by relentless iPhone and Mac demand despite global chip shortages and supply chain woes. While iPhones haven’t seen price hikes yet, whispers of future increases are growing louder. This stellar performance marks Tim Cook’s final earnings call as CEO after 15 years, with John Ternus stepping in as new leader in September. Cook praised the team but warned rising memory chip costs could hurt future quarters without the tariff relief they…
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