[The Information] Apple's new CEO, John Ternus, spent his first earnings call on Monday heavy on product marketing and light on information. Finance chief Kevan Parekh then projected 7% to 10% revenue growth for the December quarter, a marked slowdown from the 12% growth in the September period, and projected a drop in Apple's gross margin due to rising memory costs. Apple shares fell as much as 4% in after-hours trading. Parekh blamed limited component supplies for the expected revenue slowdown, saying Apple can't make as many devices as it could sell, but said that may not be the only explanation.
Apple's new CEO Ternus guides to 7%-10% December-quarter revenue growth, a slowdown from 12%
Sourcestheinformation.com