Apple CEO John Ternus Faces First Earnings Test Amid Memory Cost Pressures

Apple prepares to host its fiscal fourth-quarter earnings conference call on November 2, marking the first call led by new Chief Executive John Ternus. Investors are seeking forward holiday-quarter guidance to evaluate whether demand for hardware launches like the foldable iPhone Duo can offset surging memory chip expenses. Analysts forecast quarterly revenue will climb 11% year-over-year to $113.39 billion, alongside a 6% increase in net income to $29.04 billion. While peers face heavy artificial intelligence capital expenditure burdens, Apple has kept annual capex near $10 billion, supporting a roughly 27% share gain year-to-date.