Apple Reports 17% Sales Jump, Powered by iPhones
The New York Times • • general
Key Points:
- Apple officially introduced John Ternus as its incoming chief executive, following the announcement of Tim Cook's planned transition to executive chairman in September.
- Ternus, previously Apple's head of hardware engineering, expressed enthusiasm about the company's future and committed to maintaining the financial discipline established by Cook.
- Tim Cook, who has led Apple since 2011, emphasized that the timing for the leadership change is appropriate and praised Ternus as the right leader to take over.
- Cook assured investors that he will support Ternus during the transition to ensure it proceeds smoothly.
