Apple Names Hardware Engineer John Ternus as New CEO

Apple appointed John Ternus, who leads the company's hardware engineering team, as CEO on April 17, replacing Tim Cook after 13 years. Ternus has overseen Apple's shift to custom computer chips and the Vision Pro headset. Worth flagging: his promotion suggests Apple may focus more on building new physical products and making AI work on devices themselves, rather than expanding cloud-based services. The move positions him to guide Apple's technology roadmap as competition in AI hardware intensifies.