New Apple CEO John Ternus takes over from Tim Cook, ending 15-year tenure
- On Tuesday, Apple CEO John Ternus took the helm of the company as Tim Cook stepped down after 15 years of leading Apple.
- Under Cook, Apple transformed into a services juggernaut, with market cap growing $32 million an hour and more than 1.5 billion paid subscriptions across its platforms.
- Apple CFO Kevan Parekh noted margins will drop to 46.5% for the September quarter, down from 48.1%, as Cook cited memory costs as "really driven by memory."
- Samsung, Hynix, and Micron account for about 94% of the DRAM memory market, and management warns these shortages could persist through 2027.
- As Ternus navigates the uncertainty of the AI era, Apple has reportedly tested DRAM memory chips from Chinese supplier CXMT to diversify its supply chain.
304 Articles
304 Articles
Big Question: How new Apple CEO John Ternus will move the stock as Tim Cook leaves huge shoes to fill
Apple stock outlook: According to experts, Apple’s strength comes from its ecosystem, with a huge user base and an ability to generate recurring revenues outside its sales of hardware such as the iPhone
Tim Cook has officially left the position of CEO of Apple
Tim Cook has officially resigned as CEO of Apple. John Ternus became the new head. The reaction of the world's media is in the Kommersant collection:CNN (Atlanta, USA):"When Tim Cook became CEO of Apple in August 2011, he had a difficult task ahead of...
Apple has a mysterious new CEO. Here are the most important things he needs to do
John Ternus, Apple’s longtime hardware boss, still remains largely mysterious. But he will finally get an opportunity to introduce himself properly to the world with the iPhone 18, writes Andrew Griffin
For Apple, the Ternus Era Begins
Apple's new era begins on Tuesday. John Ternus officially takes over a CEO after a 15-year reign by Tim Cook. Bloomberg succinctly lays out the biggest challenge Apple faces with the change in leadership: "How can it extend its decades-long run of success into the era of artificial intelligence?" Under...
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