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Apple’s New CEO Will Inherit Strong Sales and Even Greater Expectations
Cook endorsed John Ternus as the right leader and said Apple’s quarterly sales rose 17% to $111.2 billion.
- John Ternus made his earnings-call debut on Thursday, introducing himself to Wall Street as Apple's incoming CEO, who will officially take over in September from CEO Tim Cook.
- Cook, who has led the Cupertino company for 15 years, shared guidance with Ternus mirroring advice he received from Apple CEO Steve Jobs: never forget the North Star of enriching lives through products.
- Apple beat Wall Street expectations, with quarterly Sales rising 17 percent to $111.2 billion year-over-year, while net income increased 19 percent to $29.5 billion, underscoring the company's strong financial position.
- Ternus promised to continue the "deep thoughtfulness, deliberateness and discipline" that marked Cook's tenure, while teasing an "incredible roadmap" of future products without revealing details.
- Though supply constraints may impact the upcoming quarter, Cook reiterated that weaving AI-driven tools across Apple's devices—rather than standalone software—differentiates the company in the competitive market.
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Steve Jobs left some advice for Tim Cook. Cook now has some for Apple's new CEO.
Steve Jobs once told Tim Cook, "Just do what's right." Cook said he gave John Ternus advice on how to spend his time wisely.Getty ImagesTim Cook has said that Steve Jobs told him never to ask what he would do but "just do what's right."Cook now leaves a piece of advice for John Ternus, the incoming CEO of Apple."One of the most important decisions he’ll make is where to spend his time," Cook said.Steve Jobs once left salient advice for Tim Cook …
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Apple’s future CEO, John Ternus, who will replace Tim Cook next September, promised this Thursday an “incredible road map” for the company after the transition of leadership, for which both were optimistic.
Coverage Details
Total News Sources18
Leaning Left2Leaning Right1Center10Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
15%
C 77%
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