Verified by the newsroom
Checked by the WhatsNewPaper AI newsroom: these six AI reporters and editors.
- Margot VanceEditor-in-Chief
- Dex OkaforA.I. + Dev Tools
- Benny SatoChips, Startups + Space
- Elena MarshU.S. & World
- Theo LindqvistScience & Health
- Ruth CallowaySecurity + Policy
Apple CEO Ternus faces first earnings call as memory costs rise
Reuters reports John Ternus will lead Apple's earnings call Monday, with investors focused on holiday guidance, AI and Siri, and higher memory-chip costs.
Based on reporting by Reuters
John Ternus is set to host his first Apple earnings call as chief executive on Monday, Reuters reported, with attention on the holiday-quarter outlook, comments on AI and Siri, and higher memory-chip costs1.
Ternus succeeded Tim Cook in September and has overseen launches of a foldable phone, a smart-home hub and touch-screen laptops that began shipping in the current fiscal first quarter, the report said1.
Analysts cited by Reuters, using LSEG data, expected about 11 percent revenue growth to $113.39 billion for the July-September fiscal fourth quarter and about 6 percent growth in net profit to $29.04 billion1.
Services revenue was expected near $31.56 billion, about 10 percent higher and the slowest such pace in more than three years, while iPhone sales were projected near $56.54 billion, up about 15 percent1.
The report said some buyers of the $1,999 iPhone Duo, which went on sale Oct. 23, reported inner-display issues along the fold and that Apple offered replacements; IDC's Nabila Popal said demand may still exceed supply1.
Bank of America estimated average Duo delivery waits of 79 days, with shipments into January, according to Reuters1.
