Apple Faces Key Earnings Test Under New CEO John Ternus

Apple is set to release its fiscal fourth-quarter results on Monday, November 2, marking the first earnings presentation led by new CEO John Ternus, who took over from Tim Cook on September 1. Analysts project the company will report revenue around $113.4 billion, alongside earnings of approximately $2 per share.

The upcoming financial report will shed light on early customer demand for the iPhone 18 Pro lineup and the company's first foldable smartphone, the iPhone Duo. Additionally, investors will monitor the performance of Apple's Services division and key hardware segments including Mac, iPad, and wearables.

Hardware operations face potential hurdles from rising component costs and memory-chip shortages, which could impact profit margins and product availability. Management's forward guidance for the holiday quarter will be crucial for assessing how Apple navigates these supply pressures and foreign exchange headwinds.