Tim Cook signed off on his final Apple earnings call with a warning about a ‘hundred year flood’ in memory chip pricing - Fortune

Core Impact Points

• Apple's Q3 2026 earnings call reported a 27% profit increase, exceeding Wall Street expectations.
• Tim Cook, Apple's CEO, warned of a 'hundred year flood' in memory chip pricing, which may lead to increased costs for consumers and the tech industry.
• The surge in iPhone sales contributed to Apple's record-breaking June quarter, with sales increasing significantly in the US market.
• The warning about memory chip pricing may have a ripple effect on the US economy, particularly in the tech sector, as companies rely heavily on these components.
• The increased profit and sales figures may be a positive sign for the US stock market, with Apple's stock price potentially rising in response.
• However, the warning about memory chip pricing may also lead to concerns about inflation and the potential impact on US consumers, who may see increased prices for Apple products and other tech devices.