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Apple's new CEO Ternus to face first earnings test as memory costs surge
Investors will watch whether new products and holiday demand can offset memory-chip costs and slow profit growth.
- On Monday, Apple CEO John Ternus hosts his first earnings call, with investors focused on whether new product launches can successfully offset rising memory-chip costs.
- Ternus, who replaced CEO Tim Cook, oversaw the launch of Apple's first foldable phone, smart home hub, and touch-screen laptops amid what Cook called a "100-year flood" of rising memory costs.
- Analysts expect revenue to rise nearly 11% to $113.39 billion, though profit growth may hit a six-quarter low as Apple faces scrutiny over its AI strategy compared to Meta Platforms.
- The new Duo foldable phone faces scrutiny after reports of screen defects, with analysts estimating delivery waits of 79 days as Apple works to replace affected units.
- Investors seek clarity on whether Apple will monetize third-party AI agents via the App Store, contrasting its privacy-focused Siri AI with what Dan Morgan, portfolio manager at Synovus Trust, calls "recent agentic innovation" from competitors like OpenAI.
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5 Articles
5 Articles
Apple's new CEO Ternus to face first earnings test as memory costs surge
John Ternus will host his first earnings call as Apple's CEO on Monday, with investors looking to the company's forecast to determine whether a blitz of new products can help offset rising costs for memory chips.
·London, United Kingdom
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Total News Sources5
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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