Technology
Apple flags unprecedented memory chip price rise as costs squeeze margins
Apple warned memory chip prices have risen unprecedentedly, with CEO John Ternus expecting higher costs in Q4, after fiscal third-quarter revenue rose 12%.
earnings
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Apple warned of an unprecedented rise in memory chip prices, with new CEO John Ternus predicting even higher memory costs in the fourth quarter, The Guardian reported. The company posted fiscal third-quarter revenue of $114.5bn, up 12%, and earnings of $2.10 a share, beating FactSet expectations, while shares fell 2.75% after hours on margin concerns.
Apple flags unprecedented memory chip price rise as costs squeeze margins ↗
Markets
Alphabet shares drop as Q3 profit falls 25% on SpaceX stake loss
The Guardian reports Alphabet's Q3 net profit fell 25% to $26.2bn, missing forecasts, while revenue rose 25% to $127.6bn; shares fell double digits.
Business
ASML Posts Record Q3 2026 Sales of €11.7 Billion, Raises 2026 Outlook
ASML reported record third-quarter 2026 net sales of €11.7 billion and net income of €5.0 billion, guiding full-year sales to €44–45 billion.