Technical analysis by A3MInvestments about Symbol AAPLX on 12/19/2025

Apple's recent record-breaking stock price may create an illusion of invulnerability. However, serious structural problems are simmering beneath the surface 1. Soaring Memory Prices: A Direct Hit on Margins DRAM and NAND (memory chip) prices have soared 50-300% since the beginning of 2025 due to surging demand from AI servers. 74% of Apple's revenue comes from hardware (iPhone, Mac, iPad), where memory is a critical component of the cost. Analysis indicates that if Apple is forced to purchase memory at market prices, this could impact its gross margin by approximately 4.9%. Long-term contracts with Samsung, SK Hynix, and Micron are currently shielding Apple. Crucially, current preferential DRAM supply agreements expire in December 2025. Samsung and SK Hynix are reportedly planning to significantly raise chip prices for AAPL starting in January 2026. 2. Weak Position in the AI Race and Key Talent Attrition 🔎