Business
Apple stock sinks as global memory crisis hurts profits, giving Ternus his first big test
In John Ternus' first earnings report as CEO, Apple issued a gross margin forecast that disappointed Wall Street.
Topic
In John Ternus' first earnings report as CEO, Apple issued a gross margin forecast that disappointed Wall Street.
Apple continued to see sales in its flagship iPhone family balloon, while the tech giant’s services business hit a new all-time high, in the first earnings report under CEO John Ternus. The financial results were for Apple’s fiscal 2026 fourth quarter ended Sept. 26, 2026. Total iPhone revenue of $57.58 billion increased 17% and Apple’s […]