Apple forecasts strong holiday sales but services growth disappoints investors
- Apple expects holiday-quarter revenue to grow 7–10 per cent year-on-year.
- Rising memory chip prices and Siri AI operating costs threaten profit margins.
- Apple forecasts gross margins of 45–46 per cent, below analysts’ 47 per cent expectations.
- Services revenue growth is projected at 8–9 per cent, missing analysts’ 12 per cent forecast.
Source: ft.com
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