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Key Points

3 points

1

Revenue: $109.4 billion.

2

Gross margin: 50.1% of sales.

3

Memory chip prices are increasing, creating pressure.

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Summary

Its profit margin was just over half of its sales.

The company says rising prices for memory chips could be a problem.

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New Words to Learn

4 words

revenue

total money earned from selling products

gross margin

percentage of sales left after covering production costs

memory chip

small electronic part that stores data

quarter

a three‑month stretch of the year

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