John Ternus just delivered Apple’s first earnings report under his watch, and the numbers landed above expectations. Revenue hit $114.5 billion for the September quarter, up 12 percent, with iPhone leading the charge even though the new foldable Duo only reached stores after the period closed. Wall Street still sold the stock on margin worries and memory-chip cost pressure heading into the holidays. The product lineup is stronger, but the cost environment is tighter than it has been in years.