Apple Just Stockpiled $10 Billion of Parts While Warning Memory Prices Are 'Unprecedented.' Should Investors Worry?

In its latest annual filing, Apple revealed its components inventory jumped to $10.4 billion from $2.1 billion in a year, and it owes suppliers $82.7 billion within the next 12 months. On the earnings call, CEO John Ternus called memory pricing "unprecedented," and Apple guided December-quarter gross margin to 45% to 46%, down from 47.9%.