Apple Shares Fall After Margin Forecast Cites Higher Memory Costs

### Headline Apple Shares Fall After Margin Forecast Cites Higher Memory Costs ### Article Apple shares fell 3% in Tuesday morning trading after the company projected December-quarter gross margin of 45% to 46%, below the average analyst estimate of 46.3%. Apple said its earnings and revenue exceeded expectations, including in its iPhone business, and that its sales outlook for the current period was above estimates. Chief Financial Officer Kevan Parekh said the lower margin forecast reflected

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