Summary
The company's gross margin was 50.1%, helped by about a two‑percent point gain from tariff refunds.
Apple highlighted that higher prices for memory chips could create pressure on future earnings.
Key Points
4 points1
Revenue: $109.4 billion.
2
Gross margin: 50.1% of sales.
3
Tariff refunds added roughly 2 percentage points.
4
Increasing memory chip costs are a concern.
New Words to Learn
5 wordsrevenue
the total amount of money a company brings in from its sales
gross margin
the share of revenue left after subtracting the cost of making the products, expressed as a percent
tariff
a tax placed on goods that are brought into a country
memory chip
a tiny electronic component that stores information for devices
quarter
one of four three‑month periods that make up a year
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