Apple Q4 Earnings: Ternus Debut, iPhone Duo Demand and AI Strategy in Focus – News and Statistics

Nov 2, 2026

Apple is scheduled to report quarterly results on Monday evening in Europe, marking its first earnings release since John Ternus succeeded Tim Cook as chief executive in September, according to Euronews. Investors are expected to focus on Ternus’s comments regarding new products, pricing and artificial intelligence, as well as the company’s guidance for the important Christmas quarter.

Analysts surveyed by LSEG and reported by Reuters anticipate revenue of $113.39 billion, a rise of nearly 11%, and net profit of $29.04 billion, an increase of about 6%. iPhone revenue is projected to grow roughly 15% to $56.54 billion, a slowdown from approximately 22% growth in the prior three-month period. Services revenue is expected to expand almost 10% to $31.56 billion, which would represent its weakest pace in more than three years.

AJ Bell analysts Russ Mould, Danni Hewson and Dan Coatsworth characterized the moment as a test for the new chief executive, noting that Ternus has an opportunity to shape Apple’s AI strategy and future direction.

Attention is also centered on demand for Apple’s new foldable phone, the iPhone Duo, which went on sale on 23 October, after the period covered by Monday’s results. Sales of the device will therefore feed into the Christmas quarter, with Apple setting a US starting price of $1,999. The AJ Bell analysts noted that the quarter includes only nine days of iPhone 18 Pro sales and no iPhone Duo revenue, suggesting that market reaction will likely hinge on Christmas guidance.

Investors are additionally seeking an update on how the Duo is selling after some buyers reported cracks and lines along the central fold of the inner display, prompting Apple to offer replacements.

Another central question is how Apple is managing rising memory-chip costs and whether additional price increases lie ahead. Cook warned in June that Apple could no longer absorb the increases and would have to raise some product prices. TechInsights estimated at the time that memory and storage components in the iPhone 18 Pro could cost Apple about $196, compared with roughly $52 in the iPhone 17 Pro, significantly affecting profit margins.

Remarks from Ternus on how Apple approaches AI could also clarify the future of its services business, where slowing growth has concerned investors following years of rapid expansion. Apple’s relatively restrained AI spending contrasts with rivals’ heavy investment in infrastructure.

The results follow Apple reclaiming its position as the world’s most valuable publicly traded company on Friday, overtaking Nvidia with a market capitalisation of $5.03 trillion. The AJ Bell analysts observed that with shares trading close to all-time highs, Apple’s premium valuation means investors will expect more than the company’s customary earnings beat.