News

Apple Confirms John Ternus as New CEO Effective September 1, Succeeding Tim Cook

Share
Apple Confirms John Ternus as New CEO Effective September 1, Succeeding Tim Cook
Cointelegraph X post about new CEO of Apple Source: Cointelegraph X Post

Apple has confirmed John Ternus as its next chief executive officer, with the longtime hardware engineering leader set to take over from Tim Cook on September 1, 2026. Cook will become executive chairman of Apple’s board, keeping him involved with the company as the leadership transition takes effect.

Planned Succession Puts Ternus at the Helm

Apple’s board approved the leadership change unanimously after what the company described as a long-term succession planning process. Cook will remain CEO through the summer and work with Ternus to support the handover before the new arrangement begins.

The transition also changes Apple’s board structure. Ternus will join the board on September 1, while Arthur Levinson, who has served as non-executive chairman for 15 years, will become lead independent director. Cook, in his executive-chairman role, is expected to assist with selected company matters, including engagement with policymakers around the world.

Who Is John Ternus?

Ternus is a veteran Apple executive whose career has been closely tied to the company’s hardware portfolio. He joined Apple’s product design team in 2001, became a vice president of Hardware Engineering in 2013, and joined the executive team as senior vice president of Hardware Engineering in 2021.

  • Joined Apple in 2001 after working as a mechanical engineer at Virtual Research Systems.
  • Became vice president of Hardware Engineering in 2013.
  • Joined Apple’s executive team as senior vice president in 2021.
  • Has overseen engineering work across iPhone, iPad, Mac, Apple Watch, and AirPods.
  • Holds a bachelor’s degree in Mechanical Engineering from the University of Pennsylvania.

His appointment continues Apple’s pattern of choosing an internal successor with deep knowledge of the company’s product-development system. Ternus has been involved in multiple generations of Apple products and in the expansion of newer product lines, including iPad and AirPods.

Cook’s 15-Year Tenure Comes to an End

Cook became Apple CEO in 2011 after previously leading the company’s operations and supply-chain organization. During his tenure, Apple expanded beyond the iPhone into products such as Apple Watch, AirPods, and Apple Vision Pro, while building services including iCloud, Apple Pay, Apple TV, and Apple Music into major parts of its business.

Apple said annual revenue grew from $108 billion in fiscal 2011 to more than $416 billion in fiscal 2025. The company also reported that its active installed base had surpassed 2.5 billion devices. These figures underscore the scale of the business Ternus will inherit when Cook leaves the CEO role.

Challenges Await the Incoming CEO

Ternus takes over as Apple faces pressure to define a stronger position in artificial intelligence while maintaining the product ecosystem and services growth developed under Cook. Industry analysts have pointed to AI integration, new hardware categories, and competition from companies building AI-centered products as major tests for the next phase of Apple’s strategy.

The leadership change is not an immediate break with Apple’s existing direction. Ternus is a long-serving insider, and Cook will remain connected to the company as executive chairman. Still, the shift gives the new CEO responsibility for product priorities, technology investment, and the company’s response to a rapidly changing technology market.

What Happens Next?

Ternus will formally become CEO and join Apple’s board on September 1, 2026. Cook will move into the executive-chairman position on the same date, while Levinson becomes lead independent director. The transition places a hardware-focused executive in Apple’s top role and gives investors, employees, and customers their first clear indication of how the company’s next leadership era will begin.

More in

Hunter Biden Enters Crypto Market With Launch of ‘LAPTOP’ Memecoin

4d ago

Hunter Biden Enters Crypto Market With Launch of ‘LAPTOP’ Memecoin

Hunter Biden has launched a meme cryptocurrency called $LAPTOP on Base, the Ethereum layer-2 network developed by Coinbase. The token takes its name from the computer that became central to a political controversy before the 2020 U.S. presidential election and is being marketed with an airdrop aimed partly at people who lost money on President Donald Trump’s memecoin. At a glance Token: $LAPTOP Network: Base Planned supply: 1 billion tokens Launch date: September 9, 2026 Important caveat: Memecoins are highly speculative and do not represent ownership in Hunter Biden or any business. What is the LAPTOP memecoin? The token is a politically themed cryptocurrency built around Hunter Biden’s public association with the laptop controversy. Biden signaled the launch in a post on X showing the ticker “$LAPTOP,” the September 9 date and a montage of media reports and public figures discussing the laptop. The project’s reported supply is one billion tokens. Founders, including Biden, are set to receive 30% of the supply. Those tokens were reported to be locked for six months and scheduled to vest over more than two years, although the practical operation of those restrictions should be checked against the project’s published contract and documentation. Who is expected to receive the token? A further 20% of the supply has been described as an airdrop allocation. The intended recipients include crypto wallets that lost money on Trump’s $TRUMP memecoin, Hunter Biden’s Substack subscribers and a mailing list associated with video journalist Andrew Callaghan. Callaghan rejected any suggestion that his Channel 5 media operation was promoting the token. He said Biden had requested access to the subscriber list, but that the list was deleted before any emails were sent. The incident highlights the uncertainty around how eligibility and consent will work for the proposed distributions. How does the token’s planned burn mechanism work? As much as 30% of the supply is reportedly earmarked for burns linked to a list of political and market outcomes. The conditions include a Democrat winning the 2028 presidential election, Bitcoin reaching a specified all-time high and LAPTOP’s market capitalization overtaking that of $TRUMP. A burn permanently removes tokens from circulation. It can reduce supply, but it does not guarantee that the remaining tokens will rise in price. The value of any memecoin remains dependent on trading activity, liquidity, market sentiment and the credibility of the project’s rules. Why is the launch drawing attention? The launch places another high-profile political token in a market that has already seen sharp gains and losses. Trump’s memecoin and Melania Trump’s $MELANIA became prominent examples of celebrity-linked tokens, with early trading followed by steep declines from their peaks. LAPTOP also carries an unusually direct political message. Its proposed distribution to some $TRUMP holders frames the coin as both a parody of the Trump token and a vehicle for compensating, or at least targeting, traders who lost money in it. That positioning may create attention, but it also makes the token’s price especially sensitive to political events and online campaigns. What remains unknown for investors? The token’s launch announcement does not establish a stable market price, an investment value or a guaranteed distribution. Early reports also included copycat tokens and other assets using similar names, creating a risk that buyers could purchase an unaffiliated contract. Verify the official contract address through a trusted project channel before considering any transaction. Do not assume that a token carrying the LAPTOP name is the announced Base asset. Check whether the reported lock, vesting, airdrop and burn conditions are enforced on-chain. Treat claims about future price gains as speculation rather than established fact. At the time of reporting, market-data coverage for the newly launched asset was limited and not sufficient to present a reliable price or market-cap snapshot. The token’s performance will depend on actual liquidity and trading after launch, not only on the publicity surrounding its name. What does the launch mean for the wider memecoin market? $LAPTOP reinforces the shift of memecoins from internet jokes into political and celebrity branding. It also shows the limits of that model: a recognizable name can create immediate demand, while supply concentration, unclear distribution mechanics, copycat contracts and rapid sentiment changes can expose buyers to substantial losses. For now, LAPTOP is best understood as a high-profile speculative token launch rather than a cryptocurrency with an underlying product or cash flow. Its next test will be whether the project can verify its promised mechanics and sustain transparent trading after the initial attention fades.

Pendle Finance Launches on Robinhood Chain, Unlocking Fixed Yield and Leveraged Yield Trading for DeFi Users

5d ago

Pendle Finance Launches on Robinhood Chain, Unlocking Fixed Yield and Leveraged Yield Trading for DeFi Users

Pendle Finance has launched on Robinhood Chain with its first market, sNET, giving users access to products that separate an asset’s principal from its future yield. The initial market is scheduled to mature on September 17, 2026, marking Pendle’s first yield-trading deployment on Robinhood’s Ethereum Layer 2. Key facts Pendle went live on Robinhood Chain in early September 2026. The first supported market is sNET. The initial market matures on September 17, 2026. Pendle’s V2 products include fixed-yield exposure and leveraged positioning on yield. What Pendle is adding to Robinhood Chain Pendle’s V2 platform splits yield-bearing positions into Principal Tokens, representing the underlying principal, and Yield Tokens, representing future yield. Users can then choose between fixed-yield exposure, a view on future yield or liquidity provision. The deployment begins with sNET rather than a broad set of markets. The first pool lets users trade the asset’s principal and yield until maturity. Why the launch matters for Robinhood Chain Robinhood Chain is a permissionless Layer 2 built with Arbitrum technology and designed for financial services, tokenized real-world assets and onchain applications. Its official ecosystem materials identify trading, lending and yield as intended use cases. Pendle’s arrival adds a specialized yield market to that growing DeFi stack. The deployment creates a venue for managing interest-rate exposure without relying only on spot positions. Fixed-yield buyers can use Principal Tokens, while Yield Token traders can express a view on changes before maturity. How the structure works: One yield-bearing position can be divided into principal exposure and future-yield exposure, allowing those components to be traded separately. What the initial sNET market offers Feature What it means Underlying market sNET on Robinhood Chain Principal exposure Principal Tokens can be used to seek fixed-yield exposure through maturity. Yield exposure Yield Tokens can be used to take a position on future yield. Maturity September 17, 2026 Future expansion No additional market timetable was confirmed in the launch information reviewed for this report. Quoted yield figures are not guaranteed returns. Yield levels can change with market conditions, liquidity, incentives and the underlying asset’s value. Users also face smart-contract, bridge, liquidity and market risks. Robinhood Chain’s role in the expansion Robinhood Chain uses Ethereum-compatible infrastructure and ETH as its native gas token. The network is positioned as an open environment where users and developers can access, transfer and build applications without platform lock-in. July 1, 2026 Robinhood Chain’s public mainnet launch was reported as part of the network’s rollout. September 4, 2026 Pendle’s Robinhood Chain deployment and initial sNET market were announced. September 17, 2026 The initial sNET market is scheduled to reach maturity. What users should watch next The immediate focus will be sNET market performance and liquidity through its September maturity date. Launch materials did not provide a confirmed timetable for additional markets, so future expansion remains unannounced. Risk reminder: Pendle’s products are financial instruments within DeFi markets. Fixed-yield positioning does not eliminate smart-contract, asset, liquidity or network risk, and leveraged yield exposure can magnify losses.

Phantom Adds Robinhood Chain: Swap Tokenized Stocks & Assets In-App

Sep 4, 2026

Phantom Adds Robinhood Chain: Swap Tokenized Stocks & Assets In-App

Phantom has added Robinhood Chain to its supported networks, giving users a way to view, transfer, bridge, and swap supported assets on Robinhood’s Ethereum Layer 2 without leaving the wallet . The integration, reported as going live on July 23 , extends Phantom beyond its original Solana focus and adds a direct wallet route into Robinhood Chain’s emerging tokenized-asset ecosystem. Users can activate the network through Phantom’s settings, then manage compatible assets with the same EVM wallet address used for networks such as Ethereum, Base, and Polygon. What Phantom users can do Robinhood Chain support covers the basic actions expected from a multi-chain wallet. Phantom’s documentation describes in-app bridging and cross-chain swaps, while the integration announcement says users can view balances, send and receive tokens, swap supported assets, and move funds into or out of the network. Enable Robinhood Chain from Phantom’s active-network settings. View balances and send or receive compatible tokens. Swap supported assets through Phantom’s trading interface. Bridge assets between Robinhood Chain and other supported networks. Track transactions through Robinhood Chain’s block explorer. Cross-chain transactions can involve several steps. Phantom may swap or wrap an asset on the source network, route it through a bridge, and complete a final swap on the destination chain when necessary. The wallet uses routing infrastructure to compare available bridge and decentralized-exchange paths, but users remain responsible for checking fees, networks, slippage, and transaction status before approving a trade. Why tokenized stocks matter Robinhood Chain was designed for financial services and real-world assets. Its flagship Stock Tokens are standard ERC-20 tokens issued by Robinhood Assets (Jersey) Limited. They are designed to provide economic exposure to specified shares or exchange-traded funds, with on-chain prices and the ability to be held, transferred, and used in decentralized applications. That design makes the assets compatible with familiar wallet and DeFi infrastructure. Users may be able to trade them around the clock on supported venues, while developers can build markets, lending applications, and other products around the tokens. The structure is not the same as owning the underlying shares directly: the documentation says Stock Tokens do not grant legal or beneficial rights in the underlying securities. Access remains restricted The integration does not make Robinhood Stock Tokens universally available. Robinhood states that the tokens are not available in the United States and are subject to restrictions in other jurisdictions. They are not registered under U.S. securities laws and may not be offered, sold, or delivered to U.S. persons. For Phantom, the addition strengthens its multi-chain positioning and gives existing users a simpler interface for interacting with a new tokenized-asset network. For Robinhood Chain, wallet support expands access beyond Robinhood’s own products. The practical impact will depend on liquidity, eligible jurisdictions, supported assets, and whether users adopt tokenized markets as a regular part of on-chain trading.