Can John Ternus Make Apple Great Again?
Summary
John Ternus recently became Apple's chief executive, facing the challenge of continuing innovation after the era of Steve Jobs and Tim Cook. Apple introduced a foldable iPhone with a large display, aiming to bring new excitement to its product line while maintaining its strong financial performance.Key Facts
- John Ternus is Apple's third chief executive since 1997.
- Apple revealed a foldable iPhone with the largest display on an iPhone that still fits in a pocket.
- Steve Jobs was known for creating breakthrough products like the iPod and iPhone.
- Tim Cook grew Apple into the top smartphone market leader and expanded into services like Apple Music and Apple Pay.
- Apple reported $143.8 billion in revenue in its first fiscal quarter of the year, a 16% increase from last year.
- Apple holds 20% of the global smartphone market by volume and 49% of industry revenue, the highest share in the market.
- Apple introduced new products under Cook’s leadership, such as the Apple Watch, AirPods, HomePod, and Vision Pro.
- Some critics and tech leaders say Apple has made good products but lacks major new inventions since Jobs.
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