John Ternus

Apple Names Steve Smith M&A Chief in Latest Shake-Up Under Ternus

Apple returned M&A to finance for the first time since 2019, naming Steve Smith to replace Perica; Perica, a 2024 OpenAI ChatGPT deal figure, shifts fully under Cue.

Apple enters John Ternus era as AI challenges and memory crunch intensify

Apple Unveils First Foldable iPhone, iPhone Duo

The foldable smartphone race is intensifying: Apple’s iPhone Ultra faces production bottlenecks and a staggered global rollout, potentially delaying availability despite strong demand signals, while Samsung’s Galaxy Z Fold 8 is gaining traction with younger users and new design proportions, helping reduce iPhone loyalty. Google’s Pixel 11 Pro Fold is pitched as a refined, AI-enabled alternative with a large unfolding display, offering a middle ground for users wary of waiting for Apple or Samsung.

Apple Unveils $1,999 Foldable iPhone Duo

John Ternus takes over as Apple CEO and faces a high-stakes September 9 launch featuring the foldable iPhone and the iPhone 18 Pro, amid anticipated price increases driven by rising memory costs. Analysts say the new leadership will have to balance a hardware-heavy roadmap with AI and services, while investors weigh how Apple can execute at scale and sustain margins as foldables enter the premium price band.

Apple Names Ternus CEO as Cook Becomes Executive Chairman

Tim Cook is stepping down as Apple’s CEO to become executive chairman, handing the role to John Ternus on September 1, with farewell tributes from senior Apple figures and employees at Apple Park. The transition, marking a major leadership shift after 15 years, comes ahead of Apple’s September product event featuring new iPhone models and a foldable device under Ternus’s leadership.