APPLE WARNS MEMORY COSTS KEEP RISING, AS SUPPLIER PURCHASE COMMITMENTS JUMP $33B IN ONE QUARTER

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On its earnings call, Apple CEO John Ternus called memory pricing “unprecedented” and said costs will rise again in the December quarter and beyond. Apple's manufacturing purchase obligations rose $33 billion in the September quarter, to $89.7 billion, to lock in supply. It guided December gross margin to 45% to 46%, and expects Macs and iPads to stay supply-constrained through the holidays. Apple raised prices on some Macs, iPads, and iPhones earlier this year.