Tim Cook to step down as Apple CEO as hardware chief John Ternus takes over

Apple on Monday (April 20, 2026) named insider John Ternus ‌as its next CEO, tasking ​the long-time hardware chief ⁠to steer the company after Tim Cook as the iPhone maker gears up ‌for an industry change spurred by artificial intelligence. Mr. Ternus, who joined ‌Apple in 2001, has recently ‌overseen ⁠the company’s hardware engineering efforts … Read more

Apple Expects to Finish Year With Monster Quarter

Apple is predicting a whole lot of iPhones will be beneath Christmas trees this year. CEO Tim Cook said he expects record iPhone sales — and Apple’s biggest quarter in history by revenue — for the holiday quarter. “We are incredibly excited about the strength we’re seeing across our products and services, and we expect … Read more

At $8 billion, Apple’s India revenue up 36% in FY24

Apple maintained double-digit growth in India, mirroring the company’s strong results in other emerging markets like Mexico, Brazil, and the Middle East. Apple India’s revenue rose 36% to Rs 67,122 crore ($8 billion) in FY24 compared to the year-ago period. Its net profit rose 23% to Rs 2,746 crore during the same time, Tofler data … Read more

‘Foxconn City’ similar to China coming up in India soon? Southern states vie for Apple’s iPhone maker’s attention

Foxconn, a major global electronics contract manufacturer, has received offers from multiple states in India to establish large-scale industrial facilities. Telangana has proposed providing 2,000 acres for a ‘Foxconn City’, similar to the company’s existing sites in Taiwan and China, according to Duddilla Sridhar Babu, the state’s IT and industries minister. Additionally, sources told ET … Read more