(https://www.marketwatch.com/story/new-apple-ceo-john-ternuss-first-big-challenge-leading-when-his-old-boss-is-still-in-the-building-32be88f7?mod=mw_rss_topstories) at Apple today, and his first real test is already waiting: (https://www.cnbc.com/2026/09/01/apple-enters-ternus-era-as-ai-challenges-and-memory-crunch-intensify.html). Micron just posted a 59.9% net margin this quarter—that's not efficiency, that's pricing power.

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