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.
Apple Inc. (AAPL) announced Monday that Tim Cook will transition to executive chairman, while John Ternus will become CEO effective September 1. Ternus has served as senior vice president of hardware engineering since 2021.
Tim Cook took Apple to unprecedented heights during his 15-years at the top. Tom Mackenzie looks at his legacy in numbers -------- More on Bloomberg Television and Markets Like this video?
Tim Cook took Apple to unprecedented heights during his 15-years at the top. Tom Mackenzie looks at his legacy in numbers -------- Like this video?
After 15 years at the helm, Tim Cook is stepping down as CEO of Apple and handing over the reins to the company's senior vice president of hardware engineering, John Ternus. Cook, who joined Apple in 1998, succeeded Steve Jobs in 2011 and went on to transform Apple into a powerhouse worth $4 trillion.
President Donald Trump paid tribute to outgoing Apple CEO Tim Cook in a Truth Social post, calling him an "incredible guy." Trump recalled an early phone call from Cook: "I was very impressed with myself to have the head of Apple calling to 'kiss my ass.
When Steve Jobs named Tim Cook as his successor in August 2011, the immediate reaction among investors wasn't positive. The executive known for his work on supply chains was replacing the visionary, a tough act to follow.
Over his 15-year reign as Apple's top banana, Tim Cook has become instantly recognizable, powerful beyond imagination, and exceedingly wealthy. Most estimates peg Cook's current net worth at roughly $3 billion, wealth that he amassed largely through performance-based equity awards as Apple's market cap has grown more than 11x on his watch to roughly $4 trillion.
Yesterday, Apple announced that its longtime CEO, Tim Cook, will step down in September, with John Ternus, the current senior vice president of hardware engineering, taking over.
On this special edition of “Bloomberg Tech,” Caroline Hyde and Ed Ludlow discuss Apple's CEO transition as the company announces hardware boss John Ternus will take over for Tim Cook on Sept. 1. Plus, Cook will become executive chairman, ensuring his corporate diplomacy skills and his strong ties with President Donald Trump remain on call for Apple.
Apple's true innovation is betting on hardware as the clearest path to profit from the AI revolution.
Walter Piecyk of Lightshed Partners has been saying for over a year that Apple needs a new CEO, and now they're getting one. Piecyk is on "Bloomberg Surveillance.