Apple’s new CEO John Ternus faces first earnings call with memory costs at record highs

John Ternus will host his first earnings call as Apple’s CEO on Monday, with investors looking to the company’s forecast to determine whether a blitz of new products can help offset rising costs for memory chips.

Ternus, who took the reins from Tim Cook in September, has overseen the introduction of Apple’s first foldable phone, smart home hub and Apple’s first touch-screen laptops. All of those products began shipping during the company’s current fiscal first quarter, amid what Cook had called a “100-year flood” of rising memory costs.