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Tim Cook issued an emotional farewell memo on his last day as Apple’s chief executive, expressing “enormous comfort” in passing the role to John Ternus. Cook will move to the position of executive chair while Ternus assumes the CEO title. The transition follows a series of senior departures, including longtime App Store leader Phil Schiller.
Apple will raise prices due to the rising costs of memory and storage chips. Tim Cook stated that these price increases are unavoidable because the current situation has become unsustainable for the company.
Tim Cook’s tenure at Apple has been defined by expanding the product lineup, including the introduction of AirPods and the Touch Bar, while steering the company toward services and wearables. Under his leadership, senior engineer John Ternus has risen to a prominent role in overseeing hardware development.
The U.S. Federal Trade Commission chair has asked Apple’s chief executive to review the terms and curation practices of Apple News after a study alleged the service favors left-leaning outlets while limiting right-wing sources. The FTC cited reports that Apple News allegedly excludes conservative publishers such as Fox News and Breitbart, prompting concerns about compliance with the platform’s stated terms.