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Apple Board Veteran Divests $71 Million in Stock Amid Record Quarter

Apple director Arthur Levinson sold $71 million in stock after Apple reported record earnings. Find out why and what it means for investors.

#AppleStock, #ArthurLevinson, #TechNews, #StockSale, #RecordEarnings

https://newsletter.tf/apple-director-sells-stock-after-record-quarter/

NewsletterTF 6d ago

Apple director Arthur Levinson sold $71 million in stock. This is after Apple reported record quarterly earnings of $143.76 billion.

#AppleStock, #ArthurLevinson, #TechNews, #StockSale, #RecordEarnings
https://newsletter.tf/apple-director-sells-stock-after-record-quarter/

Apple Director Sells $71 Million Stock After Record Quarter

Apple director Arthur Levinson sold $71 million in stock after Apple reported record earnings. Find out why and what it means for investors.

NewsletterTF

The Bad Place Apr 21

Times of India | Apple names John Ternus as next CEO: Why what CEO Tim Cook told employees in memo that ‘now is the right time to exit’ has analysts asking questions

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Apple has appointed hardware engineering chief John Ternus as its next chief executive, ending Tim Cook’s 15‑year tenure at the helm of the world’s most valuable consumer‑tech firm. Ternus, a 51‑year‑old veteran of 25 years who helped design every iPad, AirPods and the Mac’s transition to Apple silicon, will assume the role on 1 September, with Cook shifting to executive chairman after a brief handover period. In a staff memo Cook said the timing was right for his exit and praised Ternus as a visionary of “remarkable integrity,” while Ternus pledged to stay “very hands‑on.” The board approved the move unanimously, promoting silicon architect Johny Srouji to chief hardware officer and installing Ternus on Apple’s board. Analysts note the surprise is the timing—announced just days before Apple’s April 30 earnings—amid concerns that Apple lags in generative AI, has delayed Siri, and sees limited growth beyond the iPhone despite strong sales of the iPhone 17 and iPhone Air.

#Apple #JohnTernus #TimCook #AppleIntelligence #VisionPro #JohnySrouji #TomMarieb #ArthurLevinson

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Apple names John Ternus as next CEO: Why what CEO Tim Cook told employees in memo that ‘now is the right time to exit’ has analysts asking questions - The Times of India

Tech News News: Apple has named John Ternus as its next chief executive, ending Tim Cook's 15-year run at the top of the world's most valuable consumer technology com.

The Times of India

The Bad Place Apr 21

Variety | Tim Cook Stepping Down as Apple CEO, to Be Succeeded by John Ternus at Tech Giant by Todd Spangler

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Tim Cook will step down as Apple’s chief executive after 15 years, transitioning to the role of executive chairman of the board, while senior vice‑president of hardware engineering John Ternus is slated to become CEO on 1 September 2026 following a unanimous board vote. Cook, who joined Apple in 1998 and became CEO in 2011, praised the “extraordinary” company and its people in a farewell statement, noting his gratitude for leading a team that has delivered products and services such as Apple TV+, Apple Music, and numerous hardware innovations. Ternus, a 25‑year Apple veteran who joined the executive team in 2021, highlighted his lifelong dedication to the company and mentorship under Steve Jobs and Cook, expressing profound gratitude for the opportunity to carry Apple’s mission forward. The board also announced that long‑time non‑executive chairman Arthur Levinson will shift to lead independent director, with Ternus joining the board at the same time. The leadership change reflects Apple’s long‑term succession planning and aims to continue its legacy of innovation and market leadership.

#TimCook #Apple #JohnTernus #ArthurLevinson #SteveJobs

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Apple Names John Ternus CEO, Will Replace Tim Cook at Tech Giant

Tim Cook is stepping down as Apple's CEO after 15 years. John Ternus, SVP of hardware engineering, will become Apple’s next chief executive officer.

Variety

The Bad Place Apr 21

Home - CBSNews.com | Tim Cook to step down as Apple CEO, with John Ternus tapped as successor

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Tim Cook announced that he will step down as Apple’s CEO later this year, transitioning to the role of executive chairman of the board, and that senior vice president of hardware engineering John Ternus— a 25‑year Apple veteran— will assume the CEO position on September 1. In his farewell statement, Cook praised the “ingenious, innovative, creative and deeply caring” Apple team and lauded Ternus for his engineering mind, innovative spirit, and integrity, while Ternus expressed gratitude for having worked under Steve Jobs and Cook and pledged to carry Apple’s mission forward. Over Cook’s 15‑year tenure, Apple expanded services such as Apple Pay, Apple TV and Apple Music— generating more than $100 billion annually—and launched new hardware like the Apple Watch and AirPods, helping lift the company’s market value by roughly $3.6 trillion. Analysts noted that Ternus’s appointment signals Apple’s hardware‑first focus, but some caution that his succession arrives at a critical juncture as the company navigates a major transition in its AI strategy.

#TimCook #JohnTernus #SteveJobs #Apple #AppleWatch #ArthurLevinson #AdamCrisafulli #DanIves

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Tim Cook to step down as Apple CEO, with John Ternus tapped as successor

Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.

The Bad Place Apr 21

US Top News and Analysis | Apple taps John Ternus as CEO to replace Tim Cook, who will become chairman

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Apple announced that senior vice president of hardware engineering John Ternus will succeed Tim Cook as chief executive on Sept. 1, with Cook moving to the role of executive chairman while remaining CEO through the summer to ensure a smooth handoff. Ternus, who will also join Apple’s board and become the company’s eighth CEO, is tasked with deepening Apple’s push into artificial‑intelligence after critics noted the firm’s lag behind rivals, as well as overseeing an expanded hardware organization led by new chief hardware officer Johny Srouji. Cook’s 15‑year tenure saw Apple’s market value swell roughly 24‑fold to $4 trillion, revenue surpass $400 billion, and the launch of the Apple Watch, AirPods, and Vision Pro, but he also faces challenges such as a complex supply chain, geopolitical tensions, and the need to accelerate AI development.

#Apple #JohnTernus #TimCook #SteveJobs #ArthurLevinson #JohnySrouji

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