Story perspectives

John Ternus to Unveil $2K Foldable iPhone, Succeed Cook

4/28/2026

Summary

Story summary

Apple will have incoming CEO John Ternus unveil the first foldable iPhone at the September 1, 2026 transition event.
Ternus will become chief executive officer on September 1, 2026, succeeding Tim Cook.
Analysts expect the $2,000-plus foldable iPhone, initially limited in supply, to raise Apple’s average selling price and lift holiday-quarter revenue.
Ternus said Apple’s services—including Apple Pay, iCloud and Apple Music—will keep expanding under his leadership.

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Story summary

Apple will have incoming CEO John Ternus unveil the first foldable iPhone at the September 1, 2026 transition event.
Ternus will become chief executive officer on September 1, 2026, succeeding Tim Cook.
Analysts expect the $2,000-plus foldable iPhone, initially limited in supply, to raise Apple’s average selling price and lift holiday-quarter revenue.
Ternus said Apple’s services—including Apple Pay, iCloud and Apple Music—will keep expanding under his leadership.