Apple signals new CEO Ternus

Apple is reportedly preparing for a significant leadership transition, with hardware engineering chief John Ternus poised to succeed Tim Cook as CEO. The anticipated move marks a strategic shift for the tech giant, as Ternus is expected to prioritize aggressive product development and long-term investment over Cook's signature focus on massive shareholder buybacks.

Cook, who has led the company for over a decade, is credited with bringing billions out of poverty through globalization but has recently faced pressure to innovate more rapidly in the AI space.

Analysts suggest that under Ternus, Apple may enter a 'spendy' new era aimed at securing its dominance in the next generation of consumer technology.