Apple built its empire on control.
The Alchain-Allen theorem states that once the price differential between a cheap product and a premium product shrinks, this creates more demand for the premium product. As the memory shortage will likely push Apple's competitors to increase prices for their products, this will make Apple's products more attractive if the firm utilizes its price advantage. We have started to see the signs of this phenomenon with Apple's shipment of smartphones growing while the overall market declined.
Bernstein managing director and senior analyst Mark Newman and D.A. Davidson head of technology research Gil Luria analyze Apple naming John Ternus as its next CEO and where the stock stands on 'The Claman Countdown.
With incoming chief John Ternus, Apple is doubling down on hardware in the age of AI.
Apple has been embroiled in a six-year legal battle over one of its Apple Watch health apps. The end may finally be in sight.
John Ternus will become Apple's eighth CEO in September, continuing a tradition of internal promotion at the iPhone maker. Industry experts have long speculated that the 50-year-old Ternus would become Cook's eventual successor.
You could say Tim is turning over the reins. 🍎 After nearly 15 years as Apple CEO, Tim Cook is stepping down.
CNBC's Jim Cramer praised Apple CEO Tim Cook for building "the greatest consumer-based enterprise in history." Cramer explained that under Cook's leadership, Apple not only increased shareholder returns, but also deepened its connection with customers in a way that is rare in corporate America.
When John Ternus takes Apple's top spot on Sept. 1, he'll be tasked with tackling some key hurdles.
Apple (AAPL) closed at $266.17 in the latest trading session, marking a -2.52% move from the prior day.
Cook, too, faced big doubts on whether he could successfully succeed an iconic leader. His early moves are a guide to how it's done.
Apple silicon lead Johny Srouji was promoted to the new role of chief hardware officer at the same time that John Ternus was named as the company's next CEO. It's the latest step in Apple's rapid march toward making chips for all of its key devices.