Apple Posts Record June Quarter, Warns Supply Constraints Are Coming

Apple reported its strongest June quarter ever, achieving historic performance across all product lines, services, and geographic regions, specifically driven by iPhone and Mac growth. These results mark Tim Cook's final earnings report as CEO. Despite the record success, Tim Cook warned that supply constraints are approaching. Specifically, he indicated that memory prices will continue to increase, potentially impacting future operations as the company manages these upcoming hardware supply chain challenges.