Apple beats earnings forecasts in John Ternus's first report as chief executive but warns that memory chip costs will weigh on margins
In its first earnings report under chief executive John Ternus, who took over from Tim Cook in September, Apple beat revenue expectations but fell short on iPad sales, amid a global memory-chip crunch that has pushed it to raise Mac and iPad prices. Ternus said he was 'thrilled' with the early reaction to the $1,999 foldable iPhone Duo, which sold out.
Left 0 · Centre-left 4 · Centre 4 · Centre-right 2 · Right 0
ContextSources by leanVideoDeep diveFollow the moneyMore coverage
How each side framed it
Left-leaning outlets
'Apple beats earnings forecasts but chip costs cloud outlook' (Euronews); 'Apple's holiday outlook tops Wall Street expectations' (CNBC).
Centre outlets
Centre-rated outlets headline it: “Apple warns ‘unprecedented’ memory chip costs will hit margins” (Financial Times); “Apple's new CEO Ternus to face first earnings test as memory costs surge” (Reuters).
Right-leaning outlets
'Apple beats revenue expectations in first earnings report under new CEO John Ternus' (New York Post); 'iPhone sales help Apple's new boss beat forecasts' (The Times).
Context
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Sources by lean
Balanced: the same number of articles from the left, the centre and the right (up to 3 each). The bar above still counts every rated outlet we found. Bias and factual ratings come from Media Bias/Fact Check. How we balance · All ratings.
Left 2
Centre 2
- BBC News
Apple unsure when more foldable iPhones will be available after selling out - Financial Times
Apple warns ‘unprecedented’ memory chip costs will hit margins (paywalled or blocks bots)
Showing 2 from each side of 10 rated outlets (L 4 / C 4 / R 2). Capped at 2 because that is all we found on the thinnest side. More coverage
Video
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Deep dive
A short prompt for thinking it through. We write a fuller side-by-side deep dive for the day's biggest stories.
The paradox: The same results read as a beat and as a warning, depending on whether revenue or margins lead.
What each side may be protecting: Shareholders and customers.
A question to hold: Shared question: how long will chip shortages keep prices up?
Try it: open one left and one right article in Sources by lean and note what each takes for granted.
Follow the money
Not yet researched. We haven't yet looked at who gains or loses financially from this story, or who funds the main voices on each side. When we do, we check company filings, the Electoral Commission donations register, lobbying registers, annual reports, InfluenceMap and OpenSecrets, and we apply the same checks to every side. How we follow the money.
Who owns or funds the outlets covering this story (9 outlets)
| Outlet | Lean | Ownership & funding (MBFC) |
|---|---|---|
| Bloomberg | Centre-left | Michael R. Bloomberg is the founder and majority owner of Bloomberg LP (The parent company of Bloomberg News). According to Investopedia, Bloomberg Terminal (remote software used to access financial information) is the most expensive among financial data providers. source |
| Euronews | Centre-left | Euronews is owned by Alpac Capital, a Portugal-based investment fund that acquired an 88% stake in July 2022, with the remaining 12% held by government-supported broadcasters from Europe, Africa, and the Middle East. Ownership also has business ties with Hungary’s Viktor Orban. source |
| The Guardian | Centre-left | The Guardian and its companion publication, the Sunday newspaper The Observer, are owned by Guardian Media Group plc (GMG). Scott Trust Limited was created in 1936 to ensure the editorial independence of the publications and owns Guardian Media Group plc (GMG). source |
| BBC News | Centre | The BBC operates under a Royal Charter. Oversight is managed by the BBC Board, and regulatory authority rests with Ofcom. source |
| Financial Times | Centre | The Financial Times is owned by The Nikkei, a Japanese news and financial information company that publishes the leading financial paper, The Nikkei. The FT generates revenue through subscriptions, a hard paywall, and advertising..push({}); source |
| France 24 | Centre | France 24 is owned by France Médias Monde, a state-owned French holding company that supervises and coordinates the activities of the major public media organizations broadcasting or publishing internationally from France. Besides government funding, they also generate revenue through advertising. source |
| Reuters | Centre | In April 2008, the British company Reuters Group was acquired by Thomson Corporation and formed Thomson Reuters. source |
| New York Post | Centre-right | The New York Post is owned by Rupert Murdoch’s News Corp, which owns many conservative/sensational media outlets worldwide. The paper is funded through advertising, subscriptions, and newsstand sales. source |
| The Times | Centre-right | The Times and Sunday Times is owned by News UK (News Corp UK & Ireland Limited), which American News Corp owns. The owner and Executive Chairman of News Corp are Rupert Murdoch. Revenue is derived from advertising and subscription fees. source |