Cook's Final Apple Call Warns of Chip '100-Year Flood'
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- Tim Cook signed off his final Apple earnings call with a warning about a '100-year flood' in memory chip pricing
- Apple posted a sales beat, but a weak forecast and supply concerns dominated the takeaways from the report
- Morgan Stanley sent a cautious message on Apple stock following the earnings results
Why it matters: Tim Cook's final call as CEO pairs two headwinds — a weak forward forecast and an extreme memory chip pricing squeeze — that together pressure Apple's near-term margins even after the quarter's sales beat, with sell-side analysts like Morgan Stanley already turning cautious.
