tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

A.I. boom to impact Apple’s profit margins, WSJ says

Suppliers accustomed to catering to Apple’s (AAPL) every demand are gaining leverage as AI companies outduel the company in a race to secure components, Rolfe Winkler and Yang Jie of The Wall Street Journal reports. Apple’s normal generous profit margins are expected to face pressure this year, with CEO Tim Cook most recently stating the company has seen constraints in chip supplies and memory prices were increased.

Claim 50% Off TipRanks Premium

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1