[Apple CEO: Rising memory prices are dragging down the company’s gross profit margin and memory costs are expected to be higher in the future] November 3, after the market closed on Monday Eastern Time, Apple CEO John Ternus said at the financial report that rising memory prices are dragging down the company’s gross profit margin in the new quarter. He said: "The memory pricing we are seeing now is unprecedented. As we said earlier in the September fiscal quarter (fiscal fourth quarter), we did see higher memory costs compared to the June fiscal quarter (fiscal third quarter), which was partially offset by inventory deferred gains and certain non-memory component cost declines. For the December fiscal quarter (fiscal first quarter fiscal 2027), we expect higher memory costs. "