Apple's new CEO John Ternus to face first earnings test as memory costs surge

Apple's new CEO John Ternus to face first earnings test as memory costs surge

Ternus, who took the reins from Tim Cook in September, has overseen the introduction of Apple's first foldable phone, smart home hub and Apple's first touch-screen laptops. All of those products began shipping during the company's current fiscal first quarter, amid what Cook had called a "100-year flood" of rising memory costs.

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