Apple warns that rising memory and AI costs could pressure margins

Apple reported record revenue for its September quarter and beat earnings expectations. However, the Financial Times reported that the company warned rising memory-chip prices and the cost of running its AI tools could cut profit margins. The hosts noted that Apple typically holds prices steady for long periods, so higher component costs mid-cycle could put the company in a difficult position. At the time of the discussion, Apple shares were down about 2%; the hosts linked weakness in stocks in part to market concerns about possible future margin compression.