Apple's new CEO Ternus faces first earnings test amid rising memory costs

Briefing by News4U · First published 2026-11-02 15:01:24 UTC

Apple reports fiscal fourth-quarter results Monday, its first earnings release since John Ternus succeeded Tim Cook as CEO in September. Analysts expect revenue to rise nearly 11% to $113.39 billion and net profit to increase about 6% to $29.04 billion. iPhone sales are projected to climb 15% to $56.54 billion, while services revenue is forecast to grow almost 10% to $31.56 billion, the slowest pace in more than three years. The results cover only nine days of iPhone 18 Pro sales; the new foldable iPhone Duo, priced from $1,999, went on sale October 23 and will contribute to the holiday quarter. [1] [2]

Sources

1. Apple's new CEO Ternus to face first earnings test

   RTÉ Business · 2026-11-02 08:38:35 UTC · Full text

2. Apple's new CEO faces earnings test as rising chip costs cloud outlook

   Euronews Business · 2026-11-02 11:38:24 UTC · Full text

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