# Apple CEO Ternus on iPhone Duo and Price Hikes

> Apple's new CEO addresses iPhone Duo backorders and price increases after Q4 2026 earnings call.
- Title: Apple CEO Ternus on iPhone Duo and Price Hikes · Mashable
- Summary: Apple's new CEO addresses iPhone Duo backorders and price increases after Q4 2026 earnings call. Apple's Q4 2026 earnings showed $114.5 billion revenue with…
- Keywords: apple, iphone duo, q4 2026, john ternus, iphone prices, memory chips, earnings call, technology, culture, CEO, Ternus, iPhone
- Source: Mashable — https://mashable.com/tech/apple-q4-2026-earnings-call-ternus-iphone-duo
- Author: Amanda Yeo
- Published: 2026-11-03T08:01:43+00:00
- Read time: 1 min
- Topics: apple, iphone duo, q4 2026, john ternus, iphone prices, memory chips, earnings call, technology, culture
## Apple Q4 2026 Earnings
Apple reported $114.5 billion quarterly revenue, a 12 percent increase from last year.
## iPhone Duo Launch
iPhone Duo is Apple's most transformational iPhone since the original, with preorders selling out within hours.
## iPhone Duo Backorder
iPhone Duo is on backorder with shipments expected to resume late January 2027.
## Price Increases
Apple raised prices for iPhone 16, 17, 17e, and Air in September due to memory chip demand.
## Memory Chip Costs
Memory prices are climbing every quarter, with higher costs expected for December 2026.
## Supply Constraints
iPhone Duo supply is constrained with no clear timeline for balancing supply and demand.
## Key takeaway

Apple's Q4 2026 earnings showed $114.5 billion revenue with iPhone Duo on backorder and price hikes for older models.