Apple's Record Quarter, but 'RAMaggedon' and Leadership Transition Pose Risks

Colleagues, a tech update: Apple reported a record March quarter—revenue $111.2bn and a best-ever iPhone 17. However, Tim Cook warned of rising memory costs and potential shortages.

Key points:
- In March Apple spent more on memory; some costs were absorbed by inventory, but June faces substantially higher charges.
- 'RAMaggedon': surging AI-driven demand is lifting prices and tightening supply.
- That raises device production costs and presents a challenge for John Ternus, who becomes CEO on 1 September, while Cook moves to Executive Chairman.

Why it matters: it impacts supply chains and iPhone pricing.

Can the new leadership manage the pressure without passing costs to consumers?
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