Apple's new CEO John Ternus to face first earnings test as memory costs surge
John Ternus, who replaced Tim Cook as Apple CEO in September, oversaw the introduction of several new product categories—Apple's first foldable phone, a smart home hub, and the company's first touch-screen laptops—all shipping during fiscal Q1. These launches occur during a period of elevated memory costs, which Cook previously characterized as a 'hundred-year flood,' creating a supply cost challenge for the new products.
Key points
- Ternus' first earnings report as CEO comes amid product cost pressures
- New product launches include foldable phone, smart home hub, and touch-screen laptops
- Rising memory costs present margin headwind for recently launched devices
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Economic Times Tech did the reporting; read the original for the full story.
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