Apple expects memory costs to continue to increase in the December quarter and beyond, CEO John Ternus said during today's earnings call . Ternus, COO Sabih Khan, and CFO Kevan Parekh all commented on Apple's struggle with memory. "What we're seeing with memory pricing right now is unprecedented," said Ternus. He said Apple saw higher memory costs in the September quarter, and the December quarter will be worse. "Looking beyond the December quarter, we see the pricing for memory purchases continuing to increase," he said. Apple was able to offset September costs by using memory it stockpiled at lower prices and securing lower prices on some non-memory components. Apple expects the same factors to cover some of the December increases, along with price increases on iPads, Macs, and iPhones in June and September. An analyst asked if prices could increase again, but Khan, who took the question, avoided offering a direct answer. Parekh said Apple's price increases were done "reluctantly" and the company is trying to balance the impact. I think what we try to do is evaluate, and in doing that, we evaluate the unit's revenue margin, and we're really being thoughtful and deliberate at evaluating kind of the short-term and long-term considerations. And we really believe we're balancing this well. Ternus said Apple expects a declining benefit from pre-purchasing memory over time. Apple's inventory more than doubled year over year to $14.5 billion, which suggests Apple is buying up memory before prices go up yet again. "As we work to improve supply, our manufacturing purchase obligations have increased by $33 billion from June to the September quarter, which you'll see in our annual filing when it comes out tomorrow," he said. Apple expects gross margin to drop from 47.9 percent in the September quarter to 45 to 46 percent in the December quarter, primarily because of higher memory costs, plus some Siri AI costs. Mac and iPad supplies will be constrained in the December quarter because of memory issues. This article, " Apple Dodges Question on More Price Hikes as Memory Costs Climb " first appeared on MacRumors.com Discuss this article in our forums
John Ternus will participate in his first Apple earnings call as the company's CEO today. The call begins at 2 p.m. Pacific Time / 5 p.m. Eastern Time. Ternus and Apple's CFO Kevan Parekh will discuss the company's earnings results for the third quarter of the 2026 calendar year on the live-streamed conference call. While the call is primarily intended for Apple shareholders and Wall Street analysts, anyone can listen live for free on Apple's Investor Relations website , with no registration required. The call should last around one hour. Ternus and Parekh will read their prepared remarks, and then they will take questions from analysts. Apple released the following products in the quarter, which ran from June 28 to September 26: Mac Mini With M6 and M5 Pro Chips Mac Studio With M5 Max and M5 Ultra Chips New Apple Polishing Cloth iPhone 18 Pro and iPhone 18 Pro Max Apple Watch Series 12 Apple Watch Ultra 4 AirPods 5 Beats 360 Wrist Strap for iPhone 18 Pro and AirPods Pro 3 New Apple Watch Charging Puck iPhone Duo was announced during the quarter, but pre-orders did not begin until October 16, so the quarter does not include any revenue from that device. If you miss the call, a recording will be available for replay on the page later in the day. Tags: AAPL , Earnings , John Ternus This article, " John Ternus Hosting His First Earnings Call as Apple CEO Today " first appeared on MacRumors.com Discuss this article in our forums
Apple has started testing iOS 27.2.1, according to the MacRumors visitor logs, which have been a reliable indicator of upcoming iOS versions. iOS 27.2.1 should be a minor update that includes bug fixes and/or security patches, including for the iPhone Duo that launched Friday, October 23. We do not know exactly when the update will be released, but usually upcoming iOS versions begin to show up in our logs a few days to a few weeks before they are made available to the public. There may also be a macOS 27.2.1 update with a fix that prevents macOS command-line tools from accepting eMudhra's compromised web certificates . The certificates have already been blocked in Safari, Mail, and apps that use Apple's networking and security frameworks since October 19, with no software update required for that. In addition, we expect the first iOS 27.3 developer beta to be released tomorrow. In a press release on the Apple Newsroom website in China last week, Apple said the iOS 27.3 beta would be released on Wednesday, November 4 , but that likely means Tuesday, November 3 in the U.S. due to time zone differences. Apple said iOS 27.3 will be released to the public in December, but it did not provide a specific date. iOS 27.3 will enable some Apple Intelligence features in China on the iPhone 15 Pro and newer, such as Writing Tools, Genmoji, Clean Up, Notification Summaries, Priority Notifications, Visual Intelligence, and Live Translation with AirPods. Apple also said it has partnered with Alibaba to add support for its AI assistant Qwen within Siri, Writing Tools, and Visual Intelligence. Siri AI and other Apple Intelligence features announced at WWDC 2026 will not be available in China on iOS 27.3, according to Apple. Image Playground will also not be available in China. Both the iPhone and Siri language will need to be set to English and Chinese (Simplified). Apple Intelligence features will not be available on the Mac, iPad, or other devices in China until Apple receives the necessary approvals, it said. Related Roundups: iOS 27 , iPadOS 27 Related Forum: iOS 27 This article, " iOS 27.2.1 Coming Soon, iOS 27.3 Beta Likely Available Tomorrow " first appeared on MacRumors.com Discuss this article in our forums
