John Ternus Takes Apple's Helm

0:00Apple just dropped big news. John Ternis, their senior vice president of hardware engineering, steps up as chief executive on September 1st. Tim Cook, who's held the top spot for about 15 years, shifts to executive chairman. This marks a smooth handover at the tech giant that shaped our gadgets for decades. Under Cook, Apple blew up its services game with stuff like Apple TV, Apple Music, Apple Pay, and iCloud. The company hit 50 years old this April, cranking out hits like iPhones and smartwatches that changed how we live. Folks are buzzing about the timing, especially with Apple playing catch-up in the AI race against players like Open AI and Google. They've also faced heat over manufacturing in places like China and India, a menu tariffs in President Trump's second term. Analysts Dan Ives called it big shoes to fill during this key shift. Ternis has been with Apple nearly his whole career, starting on the product design team in 2001, then vice president of hardware in 2013,

1:02and senior BP since 2021. He's worked on iPads and AirPods, and Cook praises his engineering smarts and leadership heart. Apple posted $416 billion in revenue, and $112 billion in net income last fiscal year, with over $2.5 billion active devices worldwide. Stopped it less than 1% after hours to around $271 a share, but eyes are on how Ternis steers them forward. That's the story for today. California News Today, driven by AI. I'm Cori with