Apple (NasdaqGS:AAPL) held its first earnings call under new CEO John Ternus, following early iPhone 18 and 18 Pro launches. Management highlighted early iPhone 18 Pro demand while pointing to rising memory chip costs linked to AI hardware demand as a margin headwind. Ternus outlined a hardware focused vision that puts component sourcing, device performance and product mix decisions at the center of Apple’s priorities. Apple’s first earnings call under John Ternus, and his focus on hardware...