What Apple CEO John Ternus isn’t talking about: “The biggest risk to the Apple ecosystem”

Apple reported record results, yet investors expressed dissatisfaction during the earnings call. This reaction stems from the company's cautious outlook on margins for the current quarter. Furthermore, CEO John Ternus faced criticism for a scripted and timid performance, which Bloomberg noted left analysts sorely disappointed. Additionally, concerns have been raised regarding specific risks to the Apple ecosystem that Ternus failed to address during the session, contributing to the overall negative reception from the financial community.