Apple’s New CEO John Ternus to Receive $58 Million Pay Package

Morgan Stanley estimates Apple's first foldable iPhone could generate $14 billion in revenue in the December quarter, with 7-8 million units expected in late 2026. The bank anticipates strong demand but tight supply, with potential price increases for Pro models due to higher component costs. Apple's September 9th event will introduce the foldable iPhone and mark a leadership shift to new CEO John Ternus. Analyst Erik Woodring maintains an Overweight rating and $360 price target for Apple.

Morgan Stanley estimates Apple's foldable iPhone could add $14 billion to Q4 revenue. The device's launch is expected to boost Apple's earnings.

Apple's upcoming folding iPhone, likely called iPhone Ultra, will support MagSafe, according to Bloomberg's Mark Gurman. The device, priced at over $2,000, will launch alongside the iPhone 18 Pro Series. It will feature a 5.5-inch cover screen and a 7.8-inch inner display, with a focus on web browsing, video, and camera viewfinder. Apple has worked with developers to ensure apps resize automatically across the two displays.

Apple sued OpenAI, former VP Tang Yew Tan, and ex-engineer Chang Liu for alleged trade secret theft, seeking injunctions and damages. OpenAI denies claims, citing Apple's exit procedures. The case highlights governance risks for investors.

Tim Cook will earn $47m as Apple's executive chairman, including a $2m salary and $45m equity award, while new CEO John Ternus receives a $58m package. Cook's compensation is tied to Apple's performance relative to the S&P 500. Apple's stock rose 3% following the transition.

Tim Cook, Apple's former CEO, received a $47m compensation package for his new role as executive chair, including a $2m base salary and $45m in shares. His successor, John Ternus, will earn a $3m base salary and $55m in shares. Cook's total 2025 compensation as CEO exceeded $74m. Apple's stock has risen 2,200% since 2011, with the company now valued at about $4.7tn.