# Apple's John Ternus faces early test as global memory crisis hurts profits

- Source: CNBC Top News
- Published: 2026-11-03T12:10:31+00:00
- Category: Markets
- Original: https://www.cnbc.com/2026/11/03/apple-earnings-john-ternus-faces-first-test-amid-high-memory-costs.html
- Canonical: https://groundlevelnews.com/story/apple-s-john-ternus-faces-early-test-as-global-memory-crisis-hurts-pro-b20107/

In John Ternus' first earnings report as CEO, Apple issued a gross margin forecast that disappointed Wall Street.

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