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

In John Ternus' first earnings report as CEO, Apple issued a gross margin forecast that disappointed Wall Street. The item attributes the pressure to a global memory crisis.

Timeline

1. 3 Nov, 12:10 UTCCNBC reports Ternus' first earnings as CEO

Top sources

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