Apple roundup: Tim Cook gets $47 million as chair as John Ternus becomes CEO

  • Apple's John Ternus officially took over as CEO while Tim Cook remained chair.
  • Cook's $47 million target includes a $2 million salary and $45 million equity award.
  • BofA Securities reiterated a Buy rating and $380 price target for AAPL.

Apple's leadership transition dominated a roundup of recent company coverage, with John Ternus officially taking over as CEO while Tim Cook remains chair. Cook received a fiscal 2027 target compensation package of $47 million, comprising a $2 million annual salary and a $45 million equity award. Congressman Cleo Fields (D-La.) disclosed an additional Apple stock purchase after buying more than $1 million in Apple shares, as the stock declined. Market expert Gene Munster reflected on Cook's tenure, emphasizing a contribution beyond Apple's stock gains. Investors are assessing whether Ternus can revive Steve Jobs-style innovation while managing artificial intelligence, new products and capital deployment. BofA Securities reiterated a Buy rating and a $380 price target for AAPL, saying strong capital returns support its view and that Ternus has an opportunity to protect Apple's device dominance.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
Apple roundup: Tim Cook gets $47 million as chair as John Ternus becomes CEO - CoinPost Terminal