Apple Q4 2026 earnings call: CEO John Ternus addresses iPhone Duo availability and increasing prices
Apple's Q4 2026 earnings call addressed the impact of the iPhone Duo launch, increasing AI memory chip prices, and tariff refunds.
Apple's Q4 2026 earnings call marked the first since CEO John Ternus replaced Tim Cook. The tech giant reported a 12% increase in quarterly revenue to $114.5 billion, with iPhone sales driving a significant portion of the growth. Ternus highlighted the iPhone Duo as the most transformative iPhone launch since the original, though the device is currently on backorder until late January.
Apple also noted higher manufacturing costs due to increased demand for memory chips, prompting a price increase for older iPhone models in September. The company attributes its financial success to tariff refunds, though these are unlikely to significantly impact future earnings.
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