# Apple Inc. reports quarterly earnings after the close on Thursday.

*business · news · 2026-04-30 · The Mercury News*

## Key points

- John Ternus, Apple's current hardware chief, will become CEO on September 1, 2026.
- Apple has not heavily invested in AI infrastructure, unlike other megacap tech peers.
- Memory chip prices have surged over 500% since August, creating margin risks for Apple.
- Apple's revenue growth is projected at 12% this fiscal year, much slower than tech peers' 26%.
- Apple now trades at nearly 30 times estimated earnings, well above its 10-year average.

**Companies:** Apple Inc., Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Microsoft Corp.
**Countries:** United States

[Read the full story on The Mercury News](https://www.mercurynews.com/2026/04/30/apple-earnings-become-sideshow-with-new-ceo-ready-to-grab-reins/)

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