Apple's New CEO John Ternus Faces First Earnings Test
John Ternus took over as Apple's CEO from Tim Cook in September. He has overseen the launch of Apple's first foldable phone, a smart home hub and its first touch-screen laptops. These products began shipping in the current fiscal quarter, while memory costs are rising sharply.
Quick glossarymemory costs, fiscal quarter
- memory costs
- The prices of the chips that store data in devices, which affect how much phones and laptops cost to make.
- fiscal quarter
- A three-month reporting period that a company uses for its money accounts, which may not match the calendar.
Burning Potato score: 60%