John Ternus Faces First Apple Earnings Test Amid Surging Memory Costs

By EC Assets · Published 2 November 2026

Apple is preparing to post its fourth-quarter results for the September quarter on Monday. Chief Executive Officer John Ternus faces his first Wall Street earnings test as memory costs surge across the technology hardware sector. Ternus took over the top leadership position at the company in September. Today marks the first time that Ternus will lead Apple's quarterly earnings conference call. Under the leadership of Ternus, Apple has released a steady stream of new products. The quarterly report will detail key financial measures, including overall revenue, earnings per share, and sales figures for the iPhone business. The release will also reveal regional operational performance across China. During the conference call, Ternus is positioned to address consumer demand for the new iPhone lineup. The executive briefing will also provide management updates regarding Apple's artificial intelligence initiatives and guidance for the upcoming holiday shopping period. Market trading reflected cautious positioning ahead of the financial update. Apple shares fell 1.23 percent ahead of the announcement. Amazon shares were also lower during the session, recording a decline of 1.41 percent. The results will show how rising component costs, particularly surging memory expenses, affect the company's hardware margins alongside consumer appetite for new devices. Analysts will evaluate the performance of the iPhone lineup and the broader revenue trajectory across international regions such as China. During the upcoming call, management will outline fourth-quarter financial totals, initial demand indicators for the new iPhone devices, and the financial outlook for the holiday quarter. This article is intended for informational purposes only. It does not constitute investment advice.