Melissa Otto and Morningstar's William Kerwin break down Apple's (AAPL) latest challenges as supply chain constraints weigh on the company's outlook. Otto says those pressures could persist as hyperscalers continue investing heavily in AI infrastructure, with elevated capital spending expected through 2027 and into 2028. Kerwin argues that any Apple price increases should be viewed in the context of years of inflation, noting the company could offset the next two years of memory cost inflation with a one-time price hike while still remaining near pre-pandemic pricing trends.