Person

Kevan Parekh

2 articles First covered May 1, 2026, latest May 5, 2026

John Ternus, Apple's incoming CEO, photographed at Apple Park.

Apple dropped its 7-year 'net cash neutral' policy. Ternus is freeing up the balance sheet for AI.

Mark Gurman's May 3 Power On reads Apple's quiet capital-allocation shift as cover for John Ternus to spend more on AI infrastructure and acquisitions, less on buybacks.

Apple·6 days ago

Apple booked $111.2B in Q2 with Ternus on the call. Cook warned about RAMageddon.

Apple posted record Q2 revenue of $111.2B (up 17%). John Ternus joined his first earnings call as named CEO. Cook warned AI memory costs will hit Apple's June quarter.