SMRTR TechMay 3, 2026TechSpot

Apple's success is running into a familiar problem: not enough chips

SMRTR summary

Apple posted a record $111.18 billion quarter, but chip shortages are limiting iPhone and Mac shipments despite surging demand. Strong services revenue ($30.98B) and China sales ($20.5B) helped, though rising memory costs will pressure margins. CEO Tim Cook steps down in September, with hardware chief John Ternus replacing him.

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