Apple Q4 2026 earnings call: CEO John Ternus addresses iPhone Duo availability and increasing prices

Apple held its Q4 2026 earnings call on Monday, its first since John Ternus took over as CEO from Tim Cook. The company reported quarterly revenue of $114.5 billion, up 12% year over year, with iPhone sales driving much of the result and net profit of $57.6 billion for July–September, up 17%. Ternus called Q4 “one of the most prolific launch periods” and highlighted the iPhone Duo as “the most transformational” since the original iPhone. However, availability is constrained: orders opened too late for results, and the Apple Store expects shipments to resume in late January.