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Apple CEO Ternus Says Memory Price Hikes and Shortages Will Continue Into 2027

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Apple CEO Ternus Says Memory Price Hikes and Shortages Will Continue Into 2027

During its fourth-quarter 2026 earnings call, Apple execs covered supply chain struggles, high memory costs and the role AI will play in future financials.

John Ternus led his first earnings call as Apple's new CEO this week.

Leading his first earnings call at the helm of Apple this week, CEO John Ternus announced strong revenue growth, but acknowledged that the ongoing chip shortage could make things difficult for the foreseeable future.

For the last quarter of fiscal 2026, revenue was up 12% year over year, capping what Ternus called the company’s “best fiscal year ever,” with $418 billion in revenue. The growth comes despite “unprecedented” supply chain constraints and rising memory costs limiting the availability of iPhone, iPad and Mac hardware. Warning that shortages could continue through next year, Ternus didn’t rule out future price increases for affected Apple products.

Monday’s earnings call comes as Apple ranks as the world’s most valuable company, overtaking Nvidia last week, and on the heels of a string of high-profile product debuts: the brand’s first foldable iPhone, its first touchscreen MacBook Pro laptop and the new HomeView hub at the center of its renewed smart home ambitions.

6 billion in revenue for the quarter, accounting for the lion’s share of the brand’s total quarterly revenue. Sales were spurred by the launch of the new flagship iPhone 18 Pro and Pro Max , as well as early adopters of the iPhone Duo .



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