business / news / / The Mercury News
Apple Inc. reports quarterly earnings after the close on Thursday.
John Ternus, Apple's current hardware chief, will become CEO on September 1, 2026.
KEY POINTS
- 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
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