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Apple CEO Tim Cook steps down: 7 big challenges for new CEO John Ternus [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
As many on the Street expected, he will be succeeded by John Ternus, currently Apple's senior vice president of hardware engineering. Ternus will take the helm on Sept. 1. "Investors will view this as mixed, as this was a sudden move to executive chairman [and] there was clearly a push for change at the C-suite. These will be big shoes to fill, and the timing of Cook exiting stage-left as CEO could make sense but also creates questions," Wedbush tech analyst Dan Ives said in a note. "Apple is making a major transition on its AI strategy, and longtime CEO and legendary Cook leaving now is a surprise. There was growing pressure on Apple to produce a successful AI strategy, and Cook must feel that the pieces are now in place heading into WWDC to hand over the reigns at this time. Cook leaves a lasting legacy in Cupertino and there will be a lot of pressure on Ternus to produce success out of the gates, especially on the AI front." Here are seven early to-dos for Ternus as Apple CEO
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- Fifteen years after Steve Jobs, Tim Cook leaves a dramatically different Apple [Yahoo! Finance][Yahoo! Finance]
- Apple CEO Transition: The Quiet Crypto Angle [Yahoo! Finance][Yahoo! Finance]
- Who is John Ternus, the incoming Apple CEO? [Yahoo! Finance][Yahoo! Finance]
- Apple CEO Tim Cook Just Announced He's Stepping Down. Here's Who's Taking Over the Top Spot. [Yahoo! Finance][Yahoo! Finance]
- CNBC Daily Open: Ternus turns the page at Apple Share [CNBC][CNBC]
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