Apple's new CEO Ternus to face first earnings test as memory costs surge
- 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.
138 Articles
138 Articles
Apple, one of the US tech giants, grew about 12 percent year-on-year in the July-September period.
Apple exceeded market expectations last quarter with its iPhone business. The Group's smartphone sales grew by 17.5 percent year-on-year to 57.56 billion dollars, as the company announced on Monday after US exchange closes. Analysts had expected an average of around one billion dollars less. iPhone is by far the Group's most important product.
Apple posts stronger-than-expected Q4 revenue in first earnings report for new CEO John Ternus
Apple Inc. posted stronger-than-expected revenue in the fiscal fourth quarter, giving new CEO John Ternus an upbeat start to his tenure, which began in September. The solid results bucked a downward trend for tech giants this quarter, as companies including…
Apple is all in on AI — its own and everyone else’s
Apple's latest earnings show how it's continuing to capitalize on the AI boom without busting its budget on the infrastructure spending consuming its competitors. Overall, Apple posted its best-ever fiscal year for revenue and earnings per share. iPhone and Mac sales continued to grow strongly in the fourth quarter. iPhone revenue rose 17.5% from a […]
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