Apple's Earnings Fireworks: Cook's Exit, Ternus' Rise

0:00On May 1st, Apple just dropped some fire earnings for the first quarter, smashing analyst predictions with revenue way above the expected 100. $9 billion, $460 million in earnings per share, topping $1.95. iPhone sales hit a March record, marking their best quarter ever with double digit growth in every region. But the real buzz is Tim Cook announcing he's stepping down as CEO, handing the reins to Hardware Chief John Turnis later this year. Earlier this month, Cook revealed the leadership shift, and Turnis will officially take over on September 1st, while Cook sticks around as executive. Cheaterman, this comes amid hot demand for the new iPhone 17 lineup, including the budget-friendly iPhone 17E, plus the entry-level MacBook Neo. That's flying off shelves faster than expected. Supply chains are feeling the heat, though, with shortages hitting several Mac models because of that insane customer response to the MacBook Neo. They cost spiked this quarter, and are set to climb even higher thanks to the AI boom

1:02squeezing the whole industry. Analysts are calling it a reality check. Even top players like Apple can't dodge it fully. On the AI front, Cook promised a smarter, more personal Siri rolling out this year, woven right into their devices for that fast, private intelligence. Vibe, he also teased fresh software tools and developer goodies to keep the innovation flowing. Cook's lead for 15 years, ballooning Apple's market value by over $3.6 trillion on the back of iPhone dominance. With him and Turnis teaming up for a seamless handover, the tech giant lives prime to keep crushing it. This has been Global News Today, powered by AI. I'm Corey with The Story.