Apple expects Q1 revenue to rise 7%-10% YoY, above 6% est., and gross margins of 45%-46%, below 47% est., as John Ternus says memory costs are "unprecedented" (Michael Acton/Financial Times)

Michael Acton / Financial Times : Apple expects Q1 revenue to rise 7%-10% YoY, above 6% est., and gross margins of 45%-46%, below 47% est., as John Ternus says memory costs are "unprecedented", Hardware giant predicts robust sales in the holiday season but services outlook disappoints.