Apple posts stronger-than-expected revenue in first earnings report for new CEO John Ternus

Apple Inc has reported fiscal fourth quarter revenue of $30.71bn, exceeding analyst expectations. This performance provides a positive start for new CEO John Ternus, who assumed the role in September. These strong earnings contrast with a downward trend observed among other tech giants, including Alphabet, Amazon and Intel, who faced disappointing quarterly results. Analyst Jacob Bourne noted that these results follow a tech sell-off driven by investor concerns regarding the costs and returns of the AI boom.