Apple Flat After Mixed Results: Strong iPhone Sales Offset By Weak China Revenue, Declining Margins And Buybacks As we previewed earlier, today's AAPL earnings report will be the first for Apple with new CEO John Ternus in charge. He technically has shared responsibility over the quarter, with his start date taking place on Sept.
1. But the quarter actually began several weeks before then when Tim Cook, now executive chairman, was still in the CEO’s office. We’ll be paying close attention to Ternus’s opening statement, when he’ll have his first extended chance to make an impression on Wall Street.
As we also noted, some of the key things to pay attention to will be: how much of the call is led by Ternus, how many questions he answers, how much he hands off to CFO Kevan Parekh and if COO Sabih Khan will be on the call ( which would be a first).
As BBG notes, when Steve Jobs was CEO, Tim Cook - then COO - partook and led most of the company’s earnings calls. Given Ternus’s lack of busine