Quarterly guidance

Revenue
7% to 10% year-over-year growth.
Services Revenue
8% to 9% year-over-year growth.
Gross Margin
45% to 46%.
Operating Expenses
$20.4 billion to $20.8 billion.

Annual guidance

Annual guidance
No specific annual guidance was given.

Outlook

Memory Costs
Memory pricing is experiencing unprecedented increases, which will continue to be a headwind.
Supply Chain
Supply constraints on Mac and iPad are expected to continue into the December quarter due to memory availability.
AI Investment
The company continues to significantly increase investments in AI, which will impact operating expenses.
Services
Management remains bullish on long-term services growth, citing the 2.5 billion active device installed base.
Pricing
The company has implemented selective price increases on products to offset rising component costs.