Apple posts stronger-than-expected revenue in first earnings report for new CEO John Ternus

Summary

Investors wanted clarity on Christmas sales, rising memory costs and Apple's AI plans as John Ternus prepared to lead the first earnings call since taking over from Tim Cook, Euronews reported on Monday 2 November, and The Independent wrote that the new Apple boss faced investors for the first time amid iPhone Duo scrutiny, a 'Crackgate' issue with the new $2,000 foldable iPhone causing the screen to break on some devices. Apple then posted stronger-than-expected revenue in the fiscal fourth quarter, giving Ternus a positive start to a tenure that began in September, The Independent reported, and The Guardian wrote that the result for the company, which earned $30.71bn and exceeded analysts' expectations, bucked a downward trend for tech firms.

Latest: Apple posted stronger-than-expected revenue in the fiscal fourth quarter, the first earnings report for new CEO John Ternus, The Independent and The Guardian reported, The Guardian writing that the company earned $30.71bn and exceeded analysts' expectations, bucking a downward trend for tech firms.

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