Apple CEO Tim Cook is stepping down as Apple's chief executive officer, and hardware engineering chief John Ternus is set to take over, Apple announced today. Cook will continue on as Apple CEO through the summer, with Ternus set to join Apple's Board of Directors and take over as CEO on September 1, 2026.
I’m not optimistic on this one, since one of the features of huge corporations is that the institutional shareholders that own them appoint the person they think will deliver the best YoY growth and Earnings Per Share. For a company that’s mostly saturated its market, this means enshittification and thumbscrew-tightening on its existing customers.
I’m not optimistic on this one, since one of the features of huge corporations is that the institutional shareholders that own them appoint the person they think will deliver the best YoY growth and Earnings Per Share. For a company that’s mostly saturated its market, this means enshittification and thumbscrew-tightening on its existing customers.