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Read John Ternus’s full memo to Apple employees on his first day as CEO

New Apple CEO John Ternus has just sent his first company-wide memo. In it, Ternus thanks Tim Cook and recognizes that Apple is “so lucky to have had a CEO who led with his values and with such decency and humanity.”

“We have a huge launch next week that’s going to be phenomenal,” Ternus also says, in reference to Apple’s forthcoming “Surprise and shine” special event.

Read the full memo, obtained by 9to5Mac, below.

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AAPL gained 2,736% under Cook, but Ternus doesn’t have to emulate him

AAPL gained 2,736% under Cook, but Ternus doesn't have to emulate him | Photo shows Ternus opening a MacBook

Bloomberg carries a piece noting the astonishing gains made by Apple stockholders during the time when Tim Cook was CEO. The cumulative gain was 2,275% – or a total return of 2,736% when accounting for dividend payments also.

The site suggests this will make him a tough act to follow, but my own view is that new CEO John Ternus doesn’t have to emulate Cook’s management of the company …

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Today is Tim Cook’s last day as Apple CEO, John Ternus takes over tomorrow

After 15 years at the helm, today is officially Tim Cook’s last day as Apple CEO. In April, Apple announced that Cook would step down as CEO on September 1, with John Ternus set to take the reins.

Cook, of course, isn’t going away completely. Instead, he’s set to become executive chairman of Apple’s board of directors.

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A live iPhone launch seems unlikely, but the event could be live-lier this year

A live iPhone launch seems unlikely, but the event could be live-lier this year | Photo shows the rainbow arches in the middle of Apple Park

Bloomberg’s Mark Gurman stirred things up a little with what was likely a deliberately teasingly-phrased tweet. Some took this to be a reference to a live iPhone keynote presentation instead of a pre-recorded one.

That seems unlikely, but there are a couple of reasons for suspecting that the live elements may be livelier this year …

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John Ternus faces critical decisions on iPhone pricing and US manufacturing – FT

John Ternus faces critical decisions on iPhone pricing and US manufacturing – FT | Render of a possible design for the iPhone 18 Pro

Incoming Apple CEO John Ternus is going to be facing two critical decisions soon after he takes the helm, says a new Financial Times report.

First, how to respond to a massive increase in memory prices, with Apple’s RAM costs increasing by more than 400% by next year. Second, how to shape the company’s manufacturing plans across China, India, and the US …

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