Apple Reports Better-Than-Expected Revenue but Warns of Unprecedented Memory Costs
Apple reported fourth-quarter revenue of $114.5 billion, beating estimates, and projected year-on-year sales growth between 7% and 10%. However, shares slipped after hours as new CEO John Ternus warned that surging memory costs driven by data center expansions are unprecedented and gross margins would fall short of analyst forecasts.
“What we are seeing with memory pricing right now is unprecedented, he said.”
John Ternus
Heard on Tech Brew Ride Home — “Did Apple's New CEO Fumble His Debut?”, published Tuesday, November 3, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.