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Bloomberg · Mark Gurman ·

Tim Cook's pay package indicates he will remain very active at Apple; sources: Apple's plans to squeeze more App Store profits prompted Phil Schiller to leave

Also: The latest on Apple's big Sept. 9 event.

Apple
In this story Apple App Store Phil Schiller Tim Cook
Tim Cook's pay package indicates he will remain very active at Apple; sources: Apple's plans to squeeze more App Store profits prompted Phil Schiller to leave

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Bloomberg — Tim Cook's pay package indicates he will remain very active at Apple; sources: Apple's plans to squeeze more App Store profits prompted Phil Schiller to leave ↗

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Sep 6Sep 8

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Bloomberg: Filing: Apple says John Ternus will get a compensation package worth ~$58M in FY 2027, while Tim Cook's role as executive chairman will pay ~$47M
The Information: Tim Cook is set to step down on September 1, and a source says Apple hosted an intimate farewell party; sources say Cook's assistant will work with John Ternus
Financial Times: A profile of John Ternus, the first product engineer to lead Apple; sources: Cook considered how to execute the perfect succession since his early days as CEO
9to5Mac: Gurman: as part of Vision Pro cuts, Apple is largely shutting down a team focused on gaming and reducing the size of a unit producing immersive video content
Wall Street Journal: Apple is discussing multiyear content deals with publishers to deliver current news and information for Siri AI, with a potential nine-figure budget

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