Apple’s new CEO faces his first earnings call amid rising memory costs

Technology · First reported 2 Nov, 05:05 · Updated 05:58

Image: Wikimedia Commons · Rekia1991 · CC BY-SA 4.0

John Ternus is due to lead Apple’s earnings call as investors weigh the company’s outlook, AI plans and rising memory-chip costs. (3b249df8-cc5b-4fca-9221-cb0738804149)

Ternus, who took over from Tim Cook in September, will host his first earnings call as CEO on Monday. (3b249df8-cc5b-4fca-9221-cb0738804149)
Investors are expected to focus on Apple’s holiday-quarter outlook, its approach to AI and Siri, and the effect of rising memory-chip costs. (3b249df8-cc5b-4fca-9221-cb0738804149)
The Hindu snippet also describes Apple as positioning its AI offerings differently from rivals such as Meta’s Muse agent. (a048d81a-b692-4add-bd5c-d878a06ca9b8)

Summary written by Lux AI from 2 articles

Key facts

Earnings call: Ternus is scheduled to host his first call as CEO on Monday. (3b249df8-cc5b-4fca-9221-cb0738804149)
CEO transition: Ternus took over from Tim Cook in September. (3b249df8-cc5b-4fca-9221-cb0738804149)
Revenue estimate: Analysts expect fiscal fourth-quarter revenue of $113.39 billion. (3b249df8-cc5b-4fca-9221-cb0738804149)
Net profit estimate: Analysts expect net profit of $29.04 billion. (3b249df8-cc5b-4fca-9221-cb0738804149)