Apple Reports Stronger Revenue as Ternus Takes Over
Apple posted stronger-than-expected revenue in its fourth quarter, its first earnings report under new CEO John Ternus. iPhone sales rose and Mac had its best year ever, but the company forecast a drop in margins for the holiday quarter.
Context
Context: Apple is one of the world's biggest smartphone and laptop makers, and its quarterly results are watched by investors everywhere. Tim Cook led the company for years before John Ternus took over as CEO.
Burning Potato score: 62%