CUPERTINO: John Ternus will host his first earnings call as Apple Chief Executive on Monday, with investors watching whether new device rollouts can offset rising expenses for memory chips.
Ternus succeeded Tim Cook in September and has overseen recent launches including the company’s first foldable phone, a smart home hub, and touch-screen laptops.
Analysts surveyed by LSEG expect fourth-quarter revenue to rise nearly 11% to $113.39 billion, while net profit is projected to increase about 6% to $29.04 billion.
The reporting period captures nine days of sales for the iPhone 18 Pro models. Meanwhile, the new foldable iPhone Duo went on sale on October 23 in the United States, with shipments stretching into January as demand exceeds supply.
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“Recent agentic innovation far outpaces our experience with Siri AI,” said Dan Morgan, portfolio manager at Synovus Trust.
Executives will face scrutiny over holiday-quarter forecasts, artificial intelligence strategy, and slowing growth in the services division.
Bank of America estimates that buyers face average delivery waits of 79 days for the new foldable device following reports of display flaws.
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Apple Chief Executive John Ternus faces his first earnings call on Monday as the company navigates rising memory costs and launches new hardware including the foldable iPhone Duo.
(With input from Reuters)
