AAPL · 10-Q · 2026Q1 · Full report

Macroeconomic Conditions

Apple Inc. · 2026-05-01 · Importance 38 · Surprise 24

The filing states that macroeconomic conditions — including inflation, interest rates, component pricing and currency fluctuations — have directly and indirectly impacted, and could materially impact, Apple’s results of operations and financial condition. Apple reports current supply constraints and increasing component costs for advanced semiconductors, NAND and DRAM and expects these trends to intensify. The company warns these trends, together with actions Apple may take in response, may materially adversely affect demand for products and negatively impact revenue, costs, gross margin and overall financial condition. This risk is described as ongoing as of the second quarter of fiscal 2026.