Did Apple's New CEO Fumble His Debut?

About this episode

Apple beat estimates in John Ternus’s first earnings call, but memory costs loomed. Investors told Anthropic to price its IPO near $1.5T. Google banned a TV box maker for preloading malware. Binance detailed its $6.3B hack. Anthropic said RSI might be imminent. Apple reports Q4 revenue up 12% YoY to $114.48B, above $113.39B est., China revenue up 21% to $17.5B, below $18.9B est., in John Ternus’ first earnings report (Business Wire) Apple guided Q1 sales up 7–10% YoY, above the 6% Wall Street expected, but shares slipped ~3% after-hours on a 45–46% margin forecast and Ternus calling memory pricing “unprecedented” (FT) Opinion: Ternus’s tight-lipped first earnings call missed a chance to talk up the iPhone Duo, Apple’s AI-agent moat, and capex at just 6.5% of Meta’s (Bloomberg) Sources: institutional investors told Anthropic that its IPO valuation should be ~$1.5T to $1.6T, below the $2T range, citing factors like a tech stock selloff (WSJ) Google severs ties with and bans Android TV box maker Videostrong after finding it intentionally preloaded malware to open a backdoor to control the XCPE botnet (9to5Google) Binance says North Korean hackers stole $6.3B through