John Ternus (Apple)
iPhone sales drive Apple’s fiscal Q4 to new record
iPhone revenue increased 17 percent to $57.6 billion, while Services revenue reached a record $31.6 billion; tariff rebates increased 1 percent to overall gross margin.
EARNINGS REPORT
Apple CEO Tim Cook to resign in September; John Ternus to succeed in role
Under Cook, Apple’s market value grew to about $4 trillion, with major expansion in products, services and global reach.
EXECUTIVE MOVES