Apple CEO John Ternus Faces First Earnings Test as Holiday Results, AI and Chip Costs Loom

Apple’s new CEO, John Ternus, will lead his first earnings call, facing scrutiny over holiday-quarter performance, artificial intelligence and rising memory-chip costs. According to ChainCatcher, analysts expect higher memory-chip costs to weigh on quarterly profit growth; they forecast fourth-quarter revenue will rise nearly 11% to $113.39 billion and net income will increase about 6% to $29.04 billion.