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Apple Shares Fall as Tim Cook Steps Down as CEO After 14 Years [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Warning! GuruFocus has detected 2 Warning Sign with META. Is AAPL fairly valued? Test your thesis with our free DCF calculator. Apple shares fell about 1% in early Tuesday after the news. Cook will stay on through the summer to help with the handoff and continue some policy work for Apple. He has led the company since 2011, guiding its move into wearables, headsets and services while lifting its market value to about $4 trillion from about $350 billion. Ternus, 51, joined Apple in 2001 and has overseen hardware engineering. In a statement, he said he was grateful for the chance to carry Apple forward and credited both Cook and Steve Jobs for his career. Apple also said board chair Arthur Levinson will become lead independent director on Sept. 1, and Johny Srouji will take the role of chief hardware officer immediately. Levinson said Ternus has deep technical knowledge, while Cook said Srouji has been central to Apple's silicon strategy and product development across the compa
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- Apple's new CEO John Ternus steps into the spotlight after flying under the radar for years [BNN Bloomberg (Canada)][BNN Bloomberg]
- Why Apple Stock Could Soar With John Ternus at the Helm [Yahoo! Finance][Yahoo! Finance]
- Apple Combines Hardware Teams As CEO Transition Advances [Yahoo! Finance][Yahoo! Finance]
- Trump praises Cook, revives 'Tim Apple' nickname [USA TODAY][USA TODAY]
- Tim Cook was an innovator — just not the Jobs kind [Verge, The][Verge, The]
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