Tim Cook

Company reported $111.2bn in revenue in first earnings report after announcement of Cook’s pending departureApple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down.Cook reported Apple’s “best March quarter ever” and “double-digit growth across every geographic segment”. He also noted “extraordinary demand for the iPhone17 lineup”. Continue reading...

Cook, who will assume the role of executive chair, will be succeeded by John Ternus as CEO on 1 SeptemberApple announced on Monday that it had named a replacement for Tim Cook as CEO, with head of hardware engineering John Ternus to succeed him. Cook will stay at the company in the role of executive chair.“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being,” Cook said in a press release. Continue reading...