Tue, Nov 3 08:57 PM

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

CNBC•Tue, Nov 3, 2026, 02:38 PM•2 min read

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

Source: [CNBC](https://www.cnbc.com/2026/11/03/apple-earnings-john-ternus-faces-first-test-amid-high-memory-costs.html)

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