All posts tagged: John Ternus

Here’s What Apple is Paying John Ternus to Run the Company

Here’s What Apple is Paying John Ternus to Run the Company

Published by skeptic

Apple has set new CEO John Ternus’ target compensation at $58 million, according to an updated SEC filing [PDF] (via Bloomberg). Tim Cook will earn around $47 million in his new role as executive chairman. Ternus’ fiscal 2027 compensation includes a $3 million salary and an annual equity award with a target value of $55 million. A quarter of the award is time-based and will vest semiannually over four years. The rest of the restricted stock units (RSUs) will vest based on Apple’s total shareholder return relative to other companies in the S&P 500, which is how Cook’s RSUs have worked for many years. For fiscal 2026, Apple granted Ternus a prorated RSU award with a target value of $2.5 million. Cook’s new salary will be $2 million, but he’s also earning an equity award with a target value of $45 million in fiscal 2027. Half will be granted in the form of time-based RSUs that vest over four years, and the other half will vest based on Apple’s stock performance. Should Cook retire on …

Who is John Ternus, the new Apple CEO?

Who is John Ternus, the new Apple CEO?

Published by skeptic

After 15 years, Tim Cook has handed off the Apple CEO role to John Ternus, the company’s senior vice president of hardware engineering. As of Tuesday, Ternus now leads one of the world’s most valuable companies. But if you’re not a dedicated Apple enthusiast, you’ve probably never heard of this man, who has largely remained out of the spotlight until he was announced as Cook’s successor in April. Ternus is assuming the CEO role at a crucial time for Apple. Next week, the company will host its iPhone launch event, ushering in its newest line of hardware. Apple will also soon roll out its new-and-improved Siri AI experience, which is powered by Google’s Gemini. “I take enormous comfort in handing the helm to someone as brilliant and wonderful and capable as John,” Tim Cook wrote to staff on his last day as CEO. “Few people understand what it takes to build products that change the world the way John does and I could not be more excited for his leadership.” Cook will remain at Apple …

Pikachu Visits Apple Park, Meets Tim Cook and John Ternus

Pikachu Visits Apple Park, Meets Tim Cook and John Ternus

Published by skeptic

Tim Cook shared an inside look at the work he is doing behind the scenes as he prepares to step down as Apple’s CEO next week. Cook has been preparing incoming CEO John Ternus for the transition over the last several months, and today he introduced Ternus to popular Pokémon character Pikachu. Cook said he and Ternus met with the Pokémon team to talk gaming. The accompanying video features Pikachu exploring the Apple Park campus, including dancing under the rainbow arch and picking an apple from the orchard. It’s not clear why the Pokémon team was at ‌Apple Park‌, but Cook first met Pikachu in September 2025 on a trip to Japan for the reopening of Apple Ginza in Tokyo. There are several Pokémon-themed games available on Apple’s platforms, including Pokémon GO, Pokémon Trading Card Game Pocket, Pokémon UNITE, and Pokémon Champions. Popular Stories You Can Listen to Tim Cook’s Final Earnings Call as Apple CEO Today Tim Cook will participate in his final Apple earnings call as the company’s CEO today. The call begins …

As Tim Cook steps down, Apple hit record sales — but a chip shortage looms

As Tim Cook steps down, Apple hit record sales — but a chip shortage looms

Published by skeptic

Apple reported a record quarter on Thursday. Yet outgoing CEO Tim Cook warned of some gathering storm clouds in the form of memory chip supply issues that could impact business in the near future. “Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment,” Cook said during Thursday’s earnings call. “iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup.” Less rosily, Cook relayed that Apple spent more on memory chips in March than in previous quarters, though the company’s costs were offset by its ability to sell stockpiled inventory. But, he warned, the expectation is “significantly higher memory costs” in June and beyond — the likes of which may “drive an increasing impact” on the business. Cook was referencing what has commonly been called “RAMageddon,” the trend of the AI industry guzzling up memory chips with such astonishing gusto it is spurring shortages. This is driving up the prices of hardware. Apple is primarily a hardware …

Good Luck Getting a Mac Mini for the Next ‘Several Months’

Good Luck Getting a Mac Mini for the Next ‘Several Months’

Published by skeptic

Apple CEO Tim Cook said on the company’s earnings call on Thursday that it could take “several months” to meet skyrocketing demand for the Mac Mini, the company’s compact but mighty, screen-free desktop computer. Cook’s remarks come after coders determined in recent months that the Mac Mini was the perfect machine for agentic AI tasks. “On the Mac Mini and Mac Studio, both of these are amazing platforms for AI and agentic tools,” Cook said on the earnings call, in response to analyst questions. “And customer adoption of that is happening faster than we expected.” The news comes amid another record-setting quarter for the company. iPhone sales came up shorter than expected, though demand for the iPhone 17 has been super high and Apple’s subscription services business has continued to grow. Apple faced supply constraints on both the iPhone and the Mac product line this quarter. iPhone shortages are being driven mostly by a limited supply of the advanced chips that power the phones. But as Cook made clear, at least two different factors are …

Apple Has Likely Abandoned ‘iPad Ultra’ Plans

Apple Has Likely Abandoned ‘iPad Ultra’ Plans

Published by skeptic

Apple has reportedly abandoned plans for a foldable “iPad Ultra” following years of disappointing sales performance for the iPad Pro. The claim predominantly comes from the Weibo leaker known as “Instant Digital,” who posted the remark in response to a question about whether the ‌iPad‌ would join a rumored “Ultra” series of Apple devices. Instant Digital listed the Apple Watch Ultra, M-series Ultra chips, “iPhone Ultra,” and “MacBook Ultra” with an OLED display as products in the pipeline, but explicitly excluded the ‌iPad‌ from that group, citing weak market performance for the ‌iPad Pro‌. They added that Apple now has “no plans” to release an ‌iPad‌ Ultra. The ‌iPad Pro‌’s sales struggles are well documented. In October 2024, it was reported that shipment projections for the M4 ‌iPad Pro‌ had been significantly cut after weaker-than-expected demand following its launch earlier that year. DSCC analyst Ross Young lowered his full-year 2024 forecast from up to 10 million units to just 6.7 million, with shipments of the 13-inch model projected to fall by more than 50% and …

As Tim Cook steps down, Apple hit record sales — but a chip shortage looms

What Tim Cook built | TechCrunch

Published by skeptic

After 15 years as Apple’s CEO, Tim Cook will be stepping down from the role in September.  On the latest episode of TechCrunch’s Equity podcast, Kirsten Korosec, Sean O’Kane, and I discussed Apple’s big announcement. We reflected on how Apple has changed since Cook took over from Steve Jobs in 2011, and what challenges incoming CEO John Ternus will be facing. “If you look at a certain camp, it is very much like, ‘John Ternus is a product guy and this is going to be amazing’ and it’s very nostalgic and going back to Steve Jobs,” Kirsten said. “But I think what people forget is that Tim Cook actually made another product, which was completely around operations.” Similarly,  Sean noted that Cook has given Ternus a strong “running start” as “the company’s numbers just sort of keep going up.” But a running start doesn’t guarantee victory: “How much volatility is around the corner? Are we really looking at a situation [with] the breaking apart of a global economy, along with the rise of artificial intelligence …

Apple under Ternus: what comes next for the tech giant’s hardware strategy

Apple under Ternus: what comes next for the tech giant’s hardware strategy

Published by skeptic

As Apple races to stay competitive in AI while navigating tariffs and supply chain uncertainty, the company’s future is about to shift under new leadership. On Monday, Apple announced that John Ternus will take over as CEO later this year, succeeding Tim Cook. Cook transformed Apple into a $4 trillion global powerhouse, expanded its services business, and oversaw some of the most profitable years in tech history. Ternus brings a different kind of skillset. A longtime hardware executive, he has spent his career building Apple’s devices rather than managing the broader business. Ternus joined Apple in 2001 and rose through the ranks of hardware engineering. Along the way, he has contributed to some of the company’s biggest products, including AirPods, the Apple Watch, and Vision Pro. His appointment signals a renewed focus on hardware at a moment when Apple is under pressure to define its next era. Ternus will now help determine what that looks like. Hardware with AI at the center Rather than trying to compete head-on with companies building the biggest AI models, …

Apple’s Next CEO Needs to Launch a Killer AI Product

Apple’s Next CEO Needs to Launch a Killer AI Product

Published by skeptic

Sometime in the next year or two, Apple’s new CEO, John Ternus, will step onto a stage and tell the world that his company has a revolutionary product. This product, he’ll say, will put the full and awesome power of AI into everyone’s hands. It probably won’t represent a breakthrough in AI research, and it might not let people automate work or perform tasks any better than a lot of technically minded people are doing today. It may or may not involve a new device, though if it doesn’t, one should be in development. But if it all works out, that keynote will mark the moment when Apple did to AI what it has done for desktop computers, the internet, mobile technology, wearables, and music distribution. That is, it’ll offer a solution to a troublesome technology that’s so delightful and right that it seems obvious in retrospect. This isn’t optional for Ternus. While AI is clearly the future and millions of people use it, even more are suspicious of it. Powerful new AI agent technologies …

MacRumors Readers React to Tim Cook Stepping Down as CEO

MacRumors Readers React to Tim Cook Stepping Down as CEO

Published by skeptic

Apple yesterday announced that longtime Apple CEO Tim Cook is planning to step down from his role later this year, with current hardware engineering chief John Ternus set to take over as CEO. We’ve seen media reports suggesting Ternus will bring Jobs-like decisiveness back to Apple, as well as reactions from top world leaders, but we thought we’d also highlight what MacRumors readers think of the transition. Reactions on the MacRumors forums run the gamut from positive to negative, with some people praising Cook for everything he’s done for Apple, and others celebrating his departure from the role. From Cook fans: nfl46 – Thank you, Tim! He left John in a reallyyyyyyy good financial position! RMMediccc – Thanks for being the right guy at the right time Tim. You will be missed, but it was time and you are making the correct call just as Steve did. DocMultimedia – Congrats to Mr. Cook for amazing growth for Apple over so many years. Hopefully Apple will continue to grow under Mr. Ternus. So much respect for …