Apple's new CEO Ternus likely to get earnings spotlight as strong results loom [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
iPhone maker on Thursday, when it reports quarterly results that Wall Street is expecting to ?be strong. Ternus formally takes over from Tim Cook in September, but Apple's decision to unveil the succession days before earnings has ?convinced analysts that he will join the post-results call. The former hardware chief, who has overseen some of Apple's biggest bets in recent years, including the shift to custom-designed chips ?for the Mac, is expected to maintain a product-first approach as the company navigates the AI era. He must decide how far to open Apple's tightly controlled ecosystem to keep pace in the artificial intelligence race that has so far rewarded speed and experimentation over curation and control. "The AI story remains one up in the air, but this quarter isn't just about the numbers," said Jay Woods, chief market strategist at Freedom Capital Markets. "Investors will be focused ?on how leadership change could shape product innovation, ?capital allocation and App
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