The math and the facts show the pressure on Apple is real

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They are trading at a very high price for earnings right now but the business faces a lot of hard problems that people are ignoring

Memory and storage costs are going up fast because AI data centers are eating all the supply

Apple has to pay much more for these parts and this will hurt their profit margins on every phone they sell

They are also changing the way they release the iPhone by splitting the launch into two times

They will sell the expensive Pro and Fold models first and wait until next year for the cheaper models

This is a risky game because it could make people wait or just stop buying altogether if the entry price is too high

And you are right about the CEO change

Tim Cook is becoming the Chairman and John Ternus is taking over as CEO in September

Big changes like this at the top often mean they know the easy years are over and hard work is ahead

If the growth slows down and the costs keep going up the stock price will find it very hard to stay at this high level

It feels like they are relying on brand name power to ignore these big storm clouds but that does not last forever