NEW: Apple sets pay for John Ternus and Tim Cook in their new roles. Ternus CEO target pay for 2027 is $58 million, while Cook as chairman is at $47 million. This is salaries + stock units that can fluctuate in value so could be higher (likely) or lower.
Source: Mark Gurman
Apple Maps is renaming Lake Ontario to Lake America. Change is rolling out now.
US: Lake AmericaCanada: Lake OntarioInternational: Both namesSource: Mark Gurman
NEW: Apple's John Ternus touted a strong future product pipeline and teased a “phenomenal” new iPhone launch next week in his first remarks to employees as chief executive officer.
Source: Mark Gurman
NEW: Tim Cook sends a final memo to Apple employees on his last day as CEO. “I will miss this work in ways I can only begin to imagine, even as I remain completely at peace with my decision,” he says, adding he has “enormous comfort” with Ternus in charge.
Source: Mark Gurman
Apple’s Vision Pro layoffs went beyond video and gaming. It included employees across the company, including people working on device security, audio engineering, Siri integration, testing and the product’s operating system.
Source: Mark Gurman
The cameras in AirPods and in a planned home security device won’t be capable of actually recording watchable footage. They’ll instead transmit information to AI systems so they can analyze their surroundings.
Source: Mark Gurman
The Big Take: Apple’s Ternus Takes the Reins as CEO, With AI as Job No. 1 — A look at the stakes surrounding Apple’s new CEO, what’s likely to change, what won’t change and new details on Ternus’s plans as the company’s new leader.
Source: Mark Gurman
Power On: When John Ternus becomes Apple’s CEO this week, one of his biggest challenges will be a need to soon revamp a management team that has steered its corporate culture for decades. A look at another shake-up to come.
Source: Mark Gurman
Some new details on the Apple Watch, including when the next revamp is scheduled, ceramic Series 12 color options, a new feature to enable all-day, continuous heart rate tracking, plus Whoop/Oura like wellness tracking.
Source: Mark Gurman
Apple tested a new Pencil for the upcoming foldable iPhone that magnetically attaches to the side of the device. But it seems unlikely that Apple will actually launch this. “Who wants a stylus?! Yuck.”
Source: Mark Gurman
Apple also launched new Mac external keyboards but they’re virtually identical to the prior ones. Minor labeling changes on the keys to match the recent MacBook Neo/Air updates.
Source: Mark Gurman
But there is one more thing…
Source: Mark Gurman
Smart ring maker Oura is raising $3 billion to go public as early as September at a $16 billion+ valuation. Stiry with @BTLipschultz
Source: Mark Gurman
NEW: Apple is gearing up to launch a new version of the Mac mini, as early as ahead of its September iPhone launch.
Source: Mark Gurman
Apple will raise iPhone prices soon - but how far will it go? A look at the possibilities.
Source: Mark Gurman
Power On: Apple is about to bring some of its product magic back with its first foldable iPhone - Why I’m excited, what people who’ve used it think, what it means for Apple in China and how it stacks up.
Source: Mark Gurman
BREAKING: Apple is largely eliminating its Vision Pro gaming team, scaling back its Vision Pro immersive video team and cutting jobs across both Siri and its Intelligence Systems Experience team in software engineering.
Source: Mark Gurman
OpenAI’s ChatGPT can now control iMessage on your Mac. It’s the same thing Siri AI can do but on steroids. But Apple also probably thinks it’s a privacy violation. Will Cupertino intervene?
Source: Mark Gurman
Otterbox seems to think the iPhone 18 Pro will be able to fit inside of iPhone 17 Pro cases and vice versa. Also, Best Buy is already putting these on shelves. A little early.
Source: Mark Gurman
Another Apple exit: Josh Rosenstock, spokesman for corporate & financial communications, is leaving after 14 years. He’s helped shape the narrative around Apple & Tim Cook. A loss for Apple PR amid supply crunch, OpenAI suit & CEO change. Will be interesting to see where he goes.
Source: Mark Gurman
NEW: Apple is still planning to offer a glass-centric overhaul of the iPhone for the device’s 20th anniversary next year, people familiar with the matter said, countering an analyst report that the move had been canceled.
Source: Mark Gurman
Also in Power On: Major shortages hit the MacBook Air amid the memory and silicon crunch, with many new orders now not arriving until September. Apple appears to be prioritizing sales now of the entry level MacBook Pro.
Source: Mark Gurman
Samsung’s Galaxy Z Fold 8 ‘Passport’ Design Is the Next Big Smartphone Trend - Between the Fold 8 and Apple’s first folding iPhone, US consumers are about to see a lot more of this shorter, wider shape.
Source: Mark Gurman
Also in Power On: Apple is currently in late-stage testing of three new Apple Watch models: the Series 12 in Wi-Fi-only and cellular varieties (code-named N237 and N238), plus the Ultra 4 (N240). I haven’t yet heard of a new Apple Watch SE planned for 2026.
Source: Mark Gurman
Power On: Apple’s upcoming smart glasses - planned to be introduced as early as next June at WWDC 2027 ahead of a release next fall - will need to overcome the privacy baggage and reputation associated with Meta’s offerings.
Source: Mark Gurman