Apple stock sinks as global memory crisis hurts profits, giving Ternus his first big test
Summary
Apple released a gross margin forecast that fell short of Wall Street expectations during the initial earnings report under Chief Executive Officer John Ternus. The technology company is currently facing financial pressure due to a worldwide memory shortage affecting its profitability.
In John Ternus' first earnings report as CEO, Apple issued a gross margin forecast that disappointed Wall Street.
Source: Read the full story at US Top News and Analysis
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