Apple reports Monday in first results under CEO John Ternus
Apple reports Monday, its first results under CEO John Ternus, with memory costs and consumer demand in focus. Profit growth at the megacaps is also slowing.
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what happened
Apple will publish quarterly results on Monday, the first report under new CEO John Ternus, according to Dow Jones Newswires. Investors will watch how the company handles pricier memory chips and possibly weaker consumer spending, along with its plans for AI and new products.
On Friday Apple regained the title of world's largest company. Its shares are up 26.8% so far this year and traded near $345 on Friday. Analysts say the company's more disciplined approach to AI spending helped it avoid the selloff hitting the tech sector.
Separately, FactSet data cited by the publisher shows that expected third-quarter earnings growth for the seven largest tech companies fell to 22.6% from 33.6% as of September 30. For the other 493 S&P 500 companies, the estimate rose to 32.6% from 27.8%, and 82% of them beat earnings expectations.
why it matters
Two signals matter for markets: demand for pricier iPhones and MacBooks, and the broader slowdown in profit growth at the tech giants that help drive the S&P 500. If the rest of the index keeps delivering solid reports, the broad market may hold up even as the leaders lag.
market impact
Apple and US tech megacaps: the report and slowing profit growth set the tone for the sector
- Apple shares mixed — higher memory costs and weaker demand weigh, while confidence in the AI strategy supports the stock
- US tech megacaps pressure down — their profit growth is slowing faster than that of the rest of the index
tags
instruments
sources
- Apple's new earnings era begins at a critical time for Big Tech — Dow Jones Newswires, 1 November 2026 at 15:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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