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TechCrunchSarah Perez

Apple’s inventory surges 154% as memory chip costs climb

Apple’s forecast of a 45% to 46% gross margin in the December quarter was largely attributed to the impact of higher memory costs.

The iPad was one of the only product segments that didn’t grow, even as iPhone and Mac sales beat estimates. iPad revenue was $6.2 billion, below analysts’ expectations of $6.7 billion. The figure was also down 10% from the prior year.

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