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

Apple warned of severe supply constraints for advanced processors, forcing price hikes on Macs and iPads and slowing iPhone growth this quarter.
Tim Cook, in his final earnings call, said he's "beyond excited" about Apple's future as he hands the CEO role to John Ternus in September.
Apple is leaning into on-device AI for privacy and sees AI driving more iCloud/service usage — a different, less capex-heavy path than other big tech firms.