Tim Cook's Last Warning as Apple CEO Was That Memory Chip Shortages Won't Improve Any Time Soon. Here's What That Means for Apple's Margins Under John Ternus.

On his last earnings call as Apple ( AAPL -0.89%) CEO, Tim Cook said his company is facing a unique challenge due to a shortage of memory chips for its devices.

Apple enters John Ternus era as AI challenges and memory crunch intensify

John Ternus' first day as Apple CEO comes at a critical juncture for the iPhone maker, with memory prices soaring and AI challenges looming.