Apple Inc is stepping up its succession-planning efforts as it prepares for Tim Cook to step down as chief executive of the tech giant as soon as next year, the Financial Times reported on Friday.
John Ternus, Apple’s senior vice president of hardware engineering, is widely seen as Cook’s most likely successor, the FT reported, citing several people familiar with discussions.
Apple did not immediately respond to a Reuters request for comment.
Photo: REUTERS
The newspaper quoted people familiar with discussions inside the iPhone maker as saying its board and senior executives had recently intensified preparations for Cook to hand over the reins after more than 14 years.
Apple is unlikely to name a new CEO before its next earnings report in late January, which covers the critical holiday period, the FT said.
Cook became CEO in 2011 after Silicon Valley legend Steve Jobs resigned, ending his reign at the technology giant he cofounded in a garage.
Separately, sales of iPhones in China rose 22 percent from year-earlier levels in the first month after the iPhone 17 series launched, even as the broader market softened, a private survey showed on Friday.
The new lineup drove most of Apple’s smartphone sales in China in the period from the Sept. 19 launch, with the 17 series accounting for nearly four-fifths of units sold to consumers, according to the data from research firm Counterpoint.
The iPhone 17 launch drew hundreds of people to Apple’s Beijing flagship on release day — a sign of continued enthusiasm for the brand, despite intensifying competition from Huawei Technologies Co (華為) and Xiaomi Corp (小米).
China’s smartphone market remained weak amid subdued consumer demand, with third-quarter sales down 2.7 percent year-on-year, Counterpoint said.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
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