Apple plans to raise product prices due to a surge in memory chip costs. CEO Tim Cook stated that these price increases are "unavoidable" as the current situation regarding memory chips is "unsustainable."

Cisco reported Q3 FY26 earnings of $15.8 billion, reflecting a 12 percent year-over-year increase, alongside double-digit growth in both revenue and profit. The company acknowledged challenges such as a rapidly changing market, intensifying competition, and a global component shortage.