Apple posted a strong quarter but CEO Tim Cook warned of iPhone 18 supply constraints and rising component costs. Memory market giants like Micron are building new fabs to address shortages, with SanDisk enjoying record demand. Analysts remain upbeat on Apple’s outlook, with price targets above current levels. Apple’s pricing strategy for iPhones remains unique, with demand proving to be sticky and inelastic. Cook acknowledges pricing pressures and the need for strategic pricing moves in response to market dynamics. Apple’s stock performance has outperformed the S&P 500 over multiple timeframes.

Read more at Yahoo Finance: Apple CEO sends blunt message iPhone 18 fans can’t ignore