Apple CEO Ternus Says Memory Price Hikes and Shortages Will Continue Into 2027 - CNET
Leading his first earnings call at the helm of Apple this week, CEO John Ternus announced strong revenue growth, but acknowledged that the ongoing chip shortage could make things difficult for the foreseeable future.
For the last quarter of fiscal 2026, revenue was up 12% year over year, capping what Ternus called the company’s “best fiscal year ever,” with $418 billion in revenue. The growth comes despite “unprecedented” supply chain constraints and rising memory costs limiting the availability of iPhone, iPad and Mac hardware. Warning that shortages could continue through next year, Ternus didn’t rule out future price increases for affected Apple products.
Monday’s earnings call comes as Apple ranks as the world’s most valuable company, overtaking Nvidia last week, and on the heels of a string of high-profile product debuts: the brand’s first foldable iPhone, its first touchscreen MacBook Pro laptop and the new HomeView hubat...
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