CupertinoApple expects gross margin of 45-46%, down from 47.9%.
It already raised iPhone 17 prices $100 in the US and Rs17,000 in India.
AI infrastructure demand is bidding up memory chips, and chief financial officer Kevan Parekh said costs keep rising into next year.
Revenue still hit a record $114.5 billion, up 12%, with iPhone revenue up 17% to $57.58 billion.
Apple will cap server-based Siri AI and photo editing, and is weighing higher iCloud+ prices.
How each outlet framed it
drawn from 250+ reports worldwide
- India Today
- Hindustan Times leans favorable
- foregrounds the all-time record in India and the Axis Bank Apple Pay launch as the headline milestone
- The Times of India
- frames the quarter as a margin problem: gross margin guided to 45–46% from 47.9% as memory costs rise, and the stock's post-call slide
Sources: India Today, Hindustan Times, The Times of India