John Ternus to Succeed Tim Cook as Apple CEO
2 sources across 2 countries · Argentina · France
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John Ternus will become the chief executive officer of Apple on September 1, succeeding Tim Cook after nearly 15 years of Cook's leadership. Ternus, 51, previously served as the director of hardware engineering and has spent 25 years at the company. He was instrumental in the transition of Mac computers to Apple designed chips and worked on the development of the iPhone, iPad, AirPods, Apple Watch, and Vision Pro.
Ternus takes over a company valued at approximately 4.5 trillion dollars with annual revenues reaching 416 billion dollars for the 2025 fiscal year. His primary challenges include accelerating the company's deployment of artificial intelligence and managing a supply chain heavily dependent on Asia amid trade tensions. Apple shares fell 1.09 percent to 316.21 dollars in early Monday trading, though the stock has risen nearly 18 percent since the leadership change was announced on April 20.
Ternus is expected to lead the company's next major product event on September 9 under the theme Surprise and shine. Reports suggest the event may include the announcement of the iPhone 18 series and potentially the company's first foldable iPhone, which may feature a wide format similar to the Samsung Galaxy Z Fold 8.
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- The coverage was extremely brief and focused on the anticipation of the update.
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- The coverage provided a detailed business analysis focusing on financial growth, leadership legacy, and strategic challenges in AI and geopolitics.
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