Tim Cook says that the rising cost of RAM and Flash that the industry is facing has not yet affected Apple, but he expects it to be an increasing issue in this quarter, and worse yet in the third fiscal quarter of 2026.
The devices have been well received for their upgraded camera features and performance improvements, with Apple also benefiting from a wave of upgrades from users holding onto older models.
Samsung is preparing a wide foldable phone designed to take on Apple directly, with a new screen format, a large production target, and a launch timed alongside its next Galaxy Fold lineup.
It has already been said repeatedly, but Apple CEO Tim Cook has once again confirmed that Apple Intelligence will still be on-device and in Private Cloud Compute in spite of the Google partnership.
On Thursday, Apple announced its financial results for the first quarter of the financial year 2026, and the company posted revenue of $143.8 billion, a 16 percent year-over-year increase, and quarterly diluted earnings per share of $2.84,…