Story perspectives

John Ternus to Lead Apple, Unveil $2k Foldable iPhone

4/27/2026

Summary

Ternus Unveils Foldable

John Ternus becomes Apple CEO on Sept. 1 and will unveil the first foldable iPhone, billed as the biggest new Apple product in a decade.
The foldable iPhone will cost $2,000 or more, feature a durable design, high performance, a less visible crease and an iPad-like horizontal screen when unfolded.
Analysts expect Apple’s holiday quarter, Ternus’s first full quarter, to generate nearly $150 billion in revenue, possibly beating the previous December-quarter record.

Summary

Ternus Expands Services

New CEO John Ternus announced he will broaden Apple’s services portfolio, citing Apple Pay as his favorite.
Ternus, a hardware engineer, has had little involvement with the $100 billion services empire overseen by senior vice president Eddy Cue.
Apple created the services division about seven years ago to offset slowing hardware sales, now valuing $100 billion and serving as the company’s hottest growth engine.

1 of 2

Ternus Unveils Foldable

John Ternus becomes Apple CEO on Sept. 1 and will unveil the first foldable iPhone, billed as the biggest new Apple product in a decade.
The foldable iPhone will cost $2,000 or more, feature a durable design, high performance, a less visible crease and an iPad-like horizontal screen when unfolded.
Analysts expect Apple’s holiday quarter, Ternus’s first full quarter, to generate nearly $150 billion in revenue, possibly beating the previous December-quarter record.

1 / 2