Apple Expects 'Significantly Higher Memory Costs' in June Quarter and Beyond

Apple had higher memory costs during the March quarter, and the impact is expected to get worse as the year goes on. Apple CEO Tim Cook said that Apple is expecting "significantly higher memory costs" in the June quarter, and beyond June, memory costs will "drive an increasing impact" on Apple's business. Cook said the higher memory costs have been partially offset because the company is selling existing inventory that it has stockpiled.