Apple has recorded its best-ever performance, generating $111.2 billion in revenue for the quarter ending in March. Current CEO Tim Cook noted that this growth was observed across all regions. This was reported by Techcrunch.com here.
However, Cook warned that supply issues related to memory chips could negatively impact the business in the near future. The rapid development of artificial intelligence is sharply increasing demand for chips, leading to a shortage.
This situation is being referred to in the industry as "RAMageddon" and is causing hardware supply prices to rise. According to reports, the price of memory chips has quadrupled, which directly affects iPhone production costs.
As a result, Apple may be forced to increase the prices of its smartphones.
Additionally, changes are taking place within the company's leadership. Starting September 1, John Ternus will assume the position of the new CEO of Apple.
Tim Cook will continue his tenure as executive chairman.
In his speech, Ternus called Cook one of the greatest business leaders of all time. He stated that his appointment to the new position is a great honor and that he will strive to live up to Cook's trust.
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