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Apple Surpasses Expectations Amid Cost Pressures | Markets & Money News
Apple has reported earnings that surpassed expectations despite facing increasing costs for components. CEO John Ternus described the memory situation as "absolutely unprecedented," highlighting the company's challenges in navigating tough market conditions. They are also experiencing limited supply of their Duo product, which could impact sales. While rising costs are squeezing margins, Apple is demonstrating resilience and will need to adapt and innovate in the coming months to maintain
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