UBS: Apple is expected to absorb the rising memory chip costs

They wrote that considering the environment of the memory market, the comprehensive gross profit margin of 49.3% and the product gross profit margin of 38.7% both exceeded the bank's estimates, representing a strong performance. UBS analysts stated that the company's outlook for profit margins is slightly higher than UBS's projection, highlighting "the strength of the supply chain and an ability to navigate one of the most challenging memory environments in recent memory."