Apple CEO Tim Cook to Step Down, John Ternus to Take Over
Tim Cook plans to step down as Apple CEO in September, with hardware chief John Ternus set to succeed him. The transition comes as Apple faces challenges including pressure on the App Store's 30% commission, shifting developer relations, and the rise of vibe-coded apps. TechCrunch's Equity podcast discusses the implications for startups, alongside major deals like SpaceX's $60B option on Cursor, Anthropic's Mythos model, the $5B Amazon-Anthropic deal, and IPO plans for Revolut and Cerebras.
Key facts
- Tim Cook plans to step down as Apple CEO in September.
- John Ternus, Apple's hardware chief, will succeed Cook.
- The App Store's 30% cut is under pressure.
- SpaceX has a $60B option on Cursor.
- Anthropic's Mythos model raises safety and marketing questions.
- Amazon and Anthropic have a $5 billion deal.
- Revolut and Cerebras have public market plans.
- The SpaceX-Cursor agreement includes a $10 billion breakup fee.
Entities
Institutions
- Apple
- TechCrunch
- SpaceX
- Cursor
- Anthropic
- Amazon
- Revolut
- Cerebras
- Equity
- YouTube
- Apple Podcasts
- Overcast
- Spotify
- X
- Threads