{
  "id": 17755755,
  "title": "Apple’s new CEO Ternus to face first earnings test",
  "url": "https://urgent.news/2026/11/02/apples-new-ceo-ternus-to-face-first-earnings-test",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T05:40:20.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/02/apple-s-new-ceo-ternus-to-face-first-earnings-test"
  },
  "original_language": "en",
  "account": "Apple's new CEO, John Ternus, faces his first earnings call on Monday after leading the company to introduce groundbreaking products like the first foldable phone, smart home hub, and touch-screen laptops. These launches occurred during the company's current fiscal first quarter, amid a surge in memory chip costs that prompted warnings from former CEO Tim Cook. Investors will scrutinize Apple's financial forecast to determine if the product lineup can offset rising expenses and support growth.\n\nTernus, who took over from Cook in September, will be questioned on three main areas: the company's holiday-quarter outlook, his comments on AI and revamped Siri, and the impact of rising memory-chip costs, which are expected to lower quarterly profit growth to its weakest in six quarters. Apple is attempting to differentiate its AI offerings from rivals like Meta Platforms and OpenAI, which have seen a surge in popularity with their AI-driven products. Apple's AI focus is more privacy-conscious, according to analyst Dan Morgan, who believes investors are keen to learn if Apple can profit from third-party AI agents through its App Store.\n\nAnalysts expect Apple to report a nearly 11% revenue increase to $113.39 billion for the July-September period, with net profit growing about 6% to $29.04 billion. Services revenue is projected to rise 10% to $31.56 billion, the slowest growth in over three years, while iPhone sales are expected to climb 15% to $56.54 billion, a slowdown from the previous quarter's 22% growth. The results will include sales of the new iPhone 18 Pro models, as well as the highly anticipated Duo, Apple's first foldable phone, which has already faced criticism for display issues.",
  "summary": "Investors will focus on the company's holiday-quarter outlook, its AI and Siri plans, and how rising memory-chip costs are expected to weigh on profit growth.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Shares steady as Apple earnings near, oil eases",
        "url": "https://urgent.news/2026/11/02/shares-steady-as-apple-earnings-near-oil-eases-17732768",
        "published": "2026-11-02T00:40:46.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Shares steady as Apple earnings near, oil eases",
        "url": "https://urgent.news/2026/11/02/shares-steady-as-apple-earnings-near-oil-eases",
        "published": "2026-11-02T02:36:20.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Shares steady as Apple earnings near, oil eases",
        "url": "https://urgent.news/2026/11/02/shares-steady-as-apple-earnings-near-oil-eases-17730750",
        "published": "2026-11-02T02:45:43.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "Apple's new CEO John Ternus to face first earnings test as memory costs surge",
        "url": "https://urgent.news/2026/11/02/apples-new-ceo-john-ternus-to-face-first-earnings-test-as-memory",
        "published": "2026-11-02T05:03:30.000Z"
      },
      {
        "outlet": "The Hindu - Sci-Tech",
        "title": "Apple's new CEO John Ternus to face first earnings test as memory costs surge",
        "url": "https://urgent.news/2026/11/02/apples-new-ceo-john-ternus-to-face-first-earnings-test-as-memory-17768407",
        "published": "2026-11-02T08:21:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}