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newsApr 30, 20261:12

Apple's Record Quarter, Cook's Successor Ternus

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Apples Q1 earnings soared, driven by iPhone sales, with Tim Cook announcing his departure and John Ternus set to take over. Investors are excited about AI advancements and affordable products, as Cook and Ternus prepare for a smooth leadership transition.

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Apple's Record Quarter, Cook's Successor Ternus

Durham News Today | 2 Min News | The Daily News Now!

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Durham News Today | 2 Min News | The Daily News Now!Apple's Record Quarter, Cook's Successor Ternus. Machine-transcribed; use the interactive transcript above to jump the player to any line.

Apple crushed its quarterly earnings estimates this week, riding high on iPhone sales that made it the best March quarter ever. Every region saw double-digit growth, beating what analysts predicted at $1.95 per share and $109 billion. In revenue. Earlier this month, CEO Tim Cook announced he's stepping down after 15 years at the helm, handing the reins to hardware engineering chief John. Turnus later this year, Cook took over from Steve Jobs and oversaw Apple's market value explode by over $3,600,600 billion. Investors are buzzing about the leadership shift and Apple's push into artificial intelligence even as the company rolls out affordable gear like the new iPhone 17E and entry-level MacBook Neo to grab more market share. On the earnings call Thursday, Turner's jumped in briefly with Cook praising his skills and promising a smooth handover. They planned to team up closely through the summer. Turner's officially starts September 1st, sticking Cook in the executive chairman's spot

to keep guiding the ship as Apple eyes its next big moves. From your city, powered by AI, this is Durham News Today.

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