Apple held its Q4 2026 earnings call, marking the first for new CEO John Ternus. Joined by CFO Kevan Parekh and COO Sabih Khan, the leadership addressed robust iPhone Duo demand that currently outstrips supply, acknowledging a "very small percentage" of returns due to display issues. Ternus reiterated plans for usage limits on server-side AI features like Siri AI, noting users can purchase expanded access, though pricing remains unspecified.
Revenue in Greater China surged 21 percent to a quarterly record, driven by iPhone and Mac sales. The company reported over 2.5 billion active devices in its install base. Regarding memory costs, Parekh described the situation as "unprecedented," highlighting early-stage costs for on-device versus server-side AI processing via Private Cloud Compute.
On future software strategy, Ternus ruled out merging iOS and macOS, emphasizing Apple's focus on optimizing each platform individually while integrating features like Handoff. Apple also emphasized its privacy differentiator, noting Siri can access personal device data securely without Apple ever having access to it.
Source: MacRumors · Summarized by HeadlinesBriefing