All articles tagged with #tim cook
In a CNBC interview, Tim Cook discussed Apple’s plan to diversify its U.S. manufacturing footprint with 79 factories nationwide and emphasized building local 'hub' economies in places like Robertsdale, Alabama to revitalize communities that have lost jobs, hinting that Apple will pursue locations where the workforce was left behind.
In a CBS News interview, Tim Cook says he hopes his legacy at Apple is that he was a good and decent man, as he nears his final weeks as CEO with John Ternus set to take over; the piece also notes Apple’s price increases across iPhone, iPad, and Mac and ongoing supply‑chain considerations.
In his final weeks as Apple CEO, Tim Cook tells CBS News that a lasting legacy is defined by others and hopes they’ll remember him as a good and decent man, as Apple inaugurates its Advanced Manufacturing Center in Houston.
Apple opened a Houston Advanced Manufacturing Center with U.S. officials, saying the site will manufacture AI servers now and Mac Minis later, while also offering training programs and highlighting domestic chip sourcing as part of a broader push to boost U.S. manufacturing. The move comes as Tim Cook transitions toward executive chairman, with leadership changes on the horizon at Apple.
Incoming Apple CEO John Ternus rehired Laura Legros, a former vice president of hardware engineering who retired in 2022, to work across the company and report to him as he prepares to take over on September 1; Tim Cook will remain as executive chairman.
On Tim Cook’s final earnings call, Apple signaled Siri AI could carry a price for heavy usage, noting cost considerations for compute and the possibility of higher iCloud+ plans. Cook described Siri AI as a privacy-centric, context-aware upgrade in beta on newer hardware, with some AI features already gated behind iCloud+; the company is weighing how usage levels translate into pricing as it expands Siri’s capabilities.
Apple’s stock fell about 7% (intraday down as much as ~9.7%) after Tim Cook warned of a “100-year flood” in memory pricing that squeezed margins and led to softer guidance for the September quarter, even as the quarter showed solid revenue and record iPhone sales, fueling concerns that demand dynamics and supply constraints could weigh on growth.
On Apple's Q3 2026 earnings call, Tim Cook announced it would be his last as CEO and voiced strong confidence in successor John Ternus, signaling a smooth transition as Ternus steps into the top role; Apple posted $109.4 billion in quarterly revenue (including $54.3 billion from iPhones) and a net profit of $29.8 billion, underscoring a steady path for Apple’s post-Cook era.
Analysts expect Apple to report continued revenue growth (14%–17% YoY) with EPS around $1.88 and revenue near $108.8 billion for its fiscal Q3, in what will be Tim Cook’s final earnings call as CEO. The big question is whether the Apple Upgrade program will meaningfully boost sales or simply offset price hikes.
In a Deadline interview, Tim Cook and incoming CEO John Ternus discuss Apple’s leadership transition, with Cook praising how it’s progressing and Ternus expressing excitement about taking the helm on September 1 while also highlighting Apple TV’s continued momentum.
Tim Cook’s final earnings call comes as Apple hits a $5 trillion market cap and becomes the world’s most valuable company, but a memory shortage is forcing price hikes on iPads and Macs while its AI strategy remains more licensing- than in-house-driven. The company also unveiled an iPhone leasing program with Klarna. Cook will step down Sept. 1 to become executive chairman, with John Ternus taking the helm; Apple is eyeing continued AI investment and a redesigned Siri launching later this year to sustain growth through the holiday quarter.
At the Ted Lasso Season 4 premiere, Tim Cook and John Ternus appeared in coordinated outfits as Apple’s outgoing CEO and incoming leader discussed the transition: Cook expressed gratitude after announcing he’ll step down to executive chairman, while Ternus promised to sustain Apple’s momentum, including for Apple TV, as the company hits a record Emmy haul and prepares for Cook’s final earnings call.
Ben Thompson frames Apple’s lawsuit against OpenAI as a strategic, emotion-fueled response to talent poaching and leadership tensions, echoing Steve Jobs-era tactics rather than a simple policy dispute. He draws parallels to Apple’s historic battles and the 1994 look-and-feel case to suggest that Apple’s passion can be a powerful driver, but a lawsuit alone won’t secure victory—success will hinge on OpenAI’s response in discovery and Apple’s ability to translate drama into superior products and customer enthusiasm. OpenAI is unlikely to settle easily unless discovery reveals a full “iceberg” of recruitment, while Apple bets that a bold, product-led posture can shape the outcome.
Tim Cook announced a multi-year, over-$30 billion deal with Broadcom to produce more than 15 billion US-made chips through 2031, expanding Broadcom’s Fort Collins, Colorado facility and reinforcing domestic chip supply as Apple leans into its American Manufacturing Program amid rising memory costs and iPhone supply constraints. Cook, who will step down on Sept. 1, 2026 to become executive chairman, hands the reins to John Ternus, signaling a shift toward securing critical wireless silicon for Apple’s devices and future AI-driven chips.
Tim Cook told the Wall Street Journal that iPhone price increases are unavoidable due to a persistent memory chip price crunch; Apple has been absorbing higher component costs in 2026, but the upcoming iPhone 18 may carry higher prices (potentially up to $200 more than the iPhone 17), with Pro models possibly facing roughly $150 extra in parts costs.