John Ternus takes helm at Apple
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Big technology and management changes are greeting John Ternus, whose long-serving predecessor, Tim Cook, will stay on as executive chair.
Apple is undergoing a major leadership transition, but it is important to remember that the company is product-driven.
Mike Markkula, one of Apple's earliest investors, was won over by the vision of founders Steve Jobs and Steve Wozniak. With his marketing knowledge and Wall Street connections, he helped take the Apple computer from garage-bound prototype to household mainstay.
Apple fell 2.17% in Friday afternoon trading as Wall Street assessed John Ternus' CEO handoff, Tim Cook's chair role, and September launch plans next week.
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New Chief Executive Officer John Ternus will take the stage that day to unveil the latest iPhones and Apple Watches, but it will only be the beginning. The company is about to start the biggest run of device releases in its history,