Source: press CNBC•November 4, 2026 at 03:28 AM

Apple stock sinks as global memory crisis hurts profits, giving Ternus his first big test

Apple CEO John Ternus delivers a keynote address during the Apple Experience LA event in Los Angeles, California, on Oct. 28, 2026, introducing new Mac computer models. John Ternus' first earnings report as Apple CEO was going fine until it was time to issue a forecast for the company's gross…

Apple CEO John Ternus delivers a keynote address during the Apple Experience LA event in Los Angeles, California, on Oct. 28, 2026, introducing new Mac computer models.

John Ternus' first earnings report as Apple CEO was going fine until it was time to issue a forecast for the company's gross margin, one of the key metrics followed by investors.

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Apple stock sinks as global memory crisis hurts profits, giving Ternus his first big test

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