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Prof G Markets · Wednesday, November 4, 2026

Apple Guides Lower Profit Margins for Holiday Quarter Due to Rising Memory Costs

Apple projected holiday quarter revenue growth of 7% to 10%, but forecast lower profit margins. Patrick McGee and host Ed Elson attributed the margin pressure partly to massive increases in memory prices.

tickerAAPLpersonPatrick McGeepersonEd ElsoncompanyApple

The tape

1 quote
“seem to be a problem, which appears to be a result of the massive increase in the price of memory, which is why Apple has had to increase the price of their own phones.”
Patrick McGee
Heard on Prof G Markets — “Tom Lee: The Correction Is Over — Stocks Are About To Surge”, published Wednesday, November 4, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via deepinfra · $0.01
Apple Guides Lower Profit Margins for Holiday Quarter Due to Rising Memory Costs — Heardvine