Apple’s New CEO Ternus Faces His First Earnings Test as Memory Costs Rise

New Apple CEO John Ternus will deliver his first earnings call as investors watch whether new products can offset surging memory chip costs. Analysts expect July-September revenue of $113.39 billion, up about 11%, and net profit near $29.04 billion, up roughly 6%. Forecasts, AI and iPhone Duo supply and display issues will face close scrutiny.