Apple's new CEO Ternus to face first earnings test as memory costs surge
Investors will press Ternus on holiday sales, AI plans and margin pressure as analysts expect memory costs to cut profit growth to a six-quarter low.
- On Monday, Apple CEO John Ternus led his first earnings call, reporting fiscal fourth-quarter revenue of $114.5 billion and warning that current memory pricing is "unprecedented."
- CFO Kevan Parekh forecast gross margins of 45–46% for Q1 2027, citing "associated cloud costs" from the Siri AI rollout as a primary driver of margin pressure.
- Apple is offering replacements for the iPhone Duo after users reported cracks along the inner display, yet demand for the $1,999 foldable device remains robust with orders outpacing supply.
- With shares trading near all-time highs, AJ Bell analysts say market reaction will hinge on Christmas guidance. Apple's measured approach to AI spending—$11 billion versus over $700 billion by tech peers—has bolstered its stock.
- Bank of America estimates Duo buyers face average delivery waits of 79 days, with shipments extending into January as chipmakers prioritize AI data center capacity over consumer electronics.
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97 Articles
Apple reports record quarter - iPhone and Mac sales are up, Services reach an all-time high
Apple announced a record $114.5 billion in revenue for the three months ending in September (which is Apple’s fiscal Q4) with a gross margin of 47.9%. Revenue is up 12% year-over-year and earnings per share are up 14% to $2.10. Tariff refunds helped boost Apple’s numbers by $0.05 per share and 1 percentage point for the gross margin. For fiscal 2026 (the twelve months ending in September), Apple posted a record-breaking revenue of $479 billion w…
Apple continues to prove quarter after quarter that it is an unstoppable money-making machine
The shares withdrew in the negotiations after the closing of the market, after Ternus warned of a possible deterioration of the margins in the future.
Apple Inc. reported higher-than-expected revenue for the quarter ended Sept. 26, driven by record iPhone sales in the September quarter. However, shares fell about 3% in after-hours trading on Monday as investors weighed the strong results against pressure on profit margins. Revenue rose 12% to $114.5 billion (102.1 billion euros), compared with $102.5 billion (91.4 billion euros). The Cupertino, California-based company made $30.71 billion (27.…
American technology company Apple increased its net profit in the fourth financial quarter by about 12 percent year-on-year to $30.7 billion (about 665 billion crowns). The company, which produces iPhone smartphones, iPad tablets, Apple Watch smartwatches and Mac computers, announced this on Monday. Its quarterly sales also increased by about 12 percent to $114.48 billion. They exceeded analysts' expectations, who estimated them at $113.39 billi…
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