John Ternus, in his first major interview as Apple CEO, told TIME that the global memory-chip shortage is “absolutely a crisis” and that all options should stay on the table, including possible Chinese suppliers despite earlier U.S. senator objections. The comments arrive as limited Duo inventory and higher component costs have already pushed iPhone 18 Pro prices up $100. Ternus also said early rival foldables felt “cheap and crappy,” framing the Duo as Apple’s deliberate, later entry into the category. Privacy public, appleproducts account.