WS #10681
Apple raises prices across Mac and iPad lines by $100-$1,300 due to memory cost inflation, pressuring product margins and sending AAPL shares down ~4.7%. Micron reports record FQ3 revenue of $41.46B and EPS of $25.11, guiding strong Q4 and locking in ~$100B in minimum contracted revenue; shares surge ~14% after hours.
Apple Price Hikes on Memory Costs
Apple raises prices across Mac and iPad lines by $100-$1,300 due to memory cost inflation, pressuring product margins and sending AAPL shares down ~4.7%.
Micron reports record FQ3 revenue of $41.46B and EPS of $25.11, guiding strong Q4 and locking in ~$100B in minimum contracted revenue; shares surge ~14% after hours.