Apple's new CEO John Ternus to face first earnings test as memory costs surge
Apple's new CEO John Ternus is preparing for his first earnings call amid challenges including rising memory chip costs and intense competition in the AI sector. Investors are closely watching his strategy for the company's new product lineup and AI integration.
Why it matters
As one of the world's largest companies, Apple's financial performance and AI strategy significantly influence global tech markets and investor sentiment.
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. Ternus, who took the reins from Tim Cook in September, has overseen the introduction of Apple’s first foldable phone, smart home hub and Apple’s first touch-screen laptops. All of those products began shipping during the company’s current fiscal first quarter, amid what Cook had called a “100-year flood” of rising memory costs. New Apple CEO John Ternus to face first test with foldable iPhone launch storyline 1 Apple will face scrutiny over three key issues: its crucial holiday-quarter outlook, Ternus’ remarks on AI and the revamped Siri, and rising memory-chip costs that analysts expect to drag quarterly profit growth to its weakest in six quarters.
Also covering this story
2 other newsrooms covered this event. We read each version separately.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in