On his first earnings call as Apple CEO, John Ternus reported $418 billion in fiscal 2026 revenue, up 12% year over year, calling it the company's best fiscal year. He said chip and memory shortages have constrained supply of iPhone, iPad and Mac devices and warned the constraints, along with possible further price increases, could extend into 2027. iPhone revenue hit a record $57.6 billion for the quarter, driven by the iPhone 18 Pro line and early sales of the new foldable iPhone Duo.
cnet.com
· 2026-11-03
Apple reported 12% revenue growth for the September quarter, beating Wall Street estimates, driven largely by price increases. New CEO John Ternus, alongside CFO Kevan Parekh, warned that services growth will keep slowing and gross margins will keep shrinking due to rising memory costs, prompting shares to fall as much as 4%, per The Wall Street Journal. The $1,999 foldable iPhone Duo is selling well enough that shipments have slipped to January, even as Apple's Siri chatbot lags behind rivals like Instinct and Muse.
entrepreneur.com
· 2026-11-03
On Apple's quarterly earnings call, CEO John Ternus said the newly shipped Siri AI features are just a starting point, with 'so much more' planned. He noted Siri currently works on a 'request-based' model built on an orchestrator-driven architecture that leaves room to add agentic capabilities, provided Apple can ensure user awareness, security and privacy.
9to5mac.com
· 2026-11-03
Apple reported record quarterly results, but new CEO John Ternus faced criticism for his handling of his first earnings call, with commentators from Bloomberg and Fortune describing his remarks as rehearsed and cautious. Ternus shared the call with CFO Kevan Parekh and COO Sabih Khan, a departure from Apple's recent practice of having the CEO field most questions. Apple shares slipped in pre-market trading after the company flagged rising memory costs and expenses tied to building Siri AI data centers.
9to5mac.com
· 2026-11-03
Apple posted stronger-than-expected fourth-quarter revenue but missed on iPad sales and gave a margin outlook that unsettled investors, sending shares down about 4% in premarket trading. Palantir beat Wall Street's third-quarter estimates, with U.S. commercial revenue surpassing government revenue for the first time, yet its stock fell roughly 6.5% to 6% in premarket trading.
cnbc.com
· 2026-11-03
Apple beat earnings and revenue estimates for its latest quarter, including strong iPhone sales, but CFO Kevan Parekh forecast gross margin of 45%-46% for the holiday quarter, below the 46.3% analyst average. Parekh attributed the shortfall mainly to rising memory chip costs and expenses tied to ramping up Siri AI. Apple shares fell about 3% in extended trading after the announcement.
cnbc.com
· 2026-11-03
Apple executives said the $1,999 iPhone Duo remains sold out after selling out within days of its late-October launch, with COO Sabih Khan telling analysts the company cannot predict when supply will meet demand. Some buyers have reported cracked screens along the fold, and Apple said it will replace affected units. The comments came as Apple reported record annual revenue of $479bn and iPhone sales of $57bn for the July-September quarter, a 17% rise that excluded Duo sales.
bbc.co.uk
· 2026-11-03
Apple's fiscal Q4 earnings showed inventory, led by computer memory, rising 31.1% quarter-over-quarter to $14.54 billion and 154.3% year-over-year from $5.72 billion. Executives said higher memory costs will pressure gross margin, forecasting 45%-46% for the December quarter versus 47.9% in September. CEO John Ternus called current memory pricing conditions 'unprecedented' and said purchase obligations rose $33 billion from June to September.
techcrunch.com
· 2026-11-02
In a Reuters interview following Apple's record fourth-quarter earnings, which excluded Duo sales since the foldable launched in October, COO John Ternus said the iPhone Duo remains supply-constrained and that Apple cannot predict when supply will meet demand. He also confirmed that a small percentage of units have been returned over cracked displays, with Apple replacing them.
9to5mac.com
· 2026-11-02
Apple reported fiscal Q4 2026 revenue of $114.48 billion and net profit of $30.71 billion, with earnings per share of $2.10. iPhone revenue reached $57.58 billion and Services hit an all-time high of $31.57 billion, contributing to what CEO John Ternus called the company's best fiscal year ever, with full-year revenue of $479 billion.
9to5mac.com
· 2026-11-02
According to The Information, Apple is developing an autonomous home robot, internally code-named J595 and possibly to be branded HomeView Ultra, that can roam a house to support FaceTime calls and turn on lights when someone enters a room. Sources who worked on the project say CEO John Ternus is pushing the effort forward, with a target price above $1,000 and a launch planned for 2027, though delays could push it to 2028. The project reportedly began with prototypes in 2018 under then-CEO Tim Cook's approval.
arstechnica.com
· 2026-11-02
Apple COO John Ternus told Reuters the company cannot predict when iPhone Duo supply and demand will balance, with some orders delayed until 2027. Ternus also said only a small percentage of Duo units have been returned over screen-cracking complaints, which Apple is replacing. The $1,999 foldable launched last month with limited in-store availability after preorders quickly sold out.
theverge.com
· 2026-11-02
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