April 22, 2026 9:42 AM

Apple’s Ternus era hints at renewed hardware focus, AI growth push

Apple's appointment of longtime hardware chief John Ternus as CEO signals a renewed emphasis on its core strength in devices and focus on fusing AI capabilities into existing products to sustain growth, analysts said. Ternus, a 25-year veteran who has overseen development of key products including multiple iPhone generations, will take the helm in September, succeeding Tim Cook after more than a decade of strong growth that saw Apple's market value swell to around $4 trillion. While Apple...

April 21, 2026 1:39 PM

Apple turns to hardware veteran Ternus as CEO to succeed Cook in AI age

Apple on Monday named longtime hardware boss John Ternus as its next CEO, turning to another insider to steer the iPhone maker after Tim Cook as it navigates a world radically altered by artificial intelligence, a technology it has lagged on. Cook, a supply-chain genius who boosted Apple's market value by $3.6 trillion in his 15 years at the helm, will stay on as executive chairman when Ternus takes over on September 1, Apple said in a statement. Ternus, who joined Apple in 2001, has played a ...