Daily Market Updates: Apple's John Ternus faces early test as global memory crisis hurts profits

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At close · Sat, Oct 31, 2026

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

Reported · Written up by our desk · Equities

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

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Sources

CNBC MarketsApple's John Ternus faces early test as global memory crisis hurts profits

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