Apple Names Hardware Engineer Ternus as New CEO

Apple appointed John Ternus, head of hardware engineering, as CEO on April 17, replacing Tim Cook after 13 years. Ternus has led product design since 2013, including Apple's move to its own chips and the Vision Pro headset. Worth flagging: the shift suggests Apple may focus more on physical innovation and AI processing built directly into devices, rather than expanding its services business. His background positions him to guide chip development and spatial computing as competition in AI hardware intensifies.