Apple Inc. (AAPL) Expands Hardware Chief Ternus's Role in Design Amid Succession Speculation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: stocktwits
- Role Expansion: Apple Inc. has broadened hardware chief John Ternus's responsibilities to include design work, positioning him as the 'executive sponsor' for all designs within Tim Cook's management team, aimed at enhancing team collaboration.
- Succession Speculation: Ternus's expanded role is seen as a potential indication of him being a successor to Cook should he decide to step down, reflecting the company's strategic planning regarding its leadership structure, which could impact future governance.
- Stock Price Reaction: Following this news, AAPL shares rose approximately 1.25%, indicating market optimism regarding changes in the company's management, which may bolster investor confidence.
- Design Team Integration: Ternus's involvement is expected to facilitate the integration of Apple's design teams, enhancing product innovation capabilities to maintain a competitive edge in the fast-paced technology market.
Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAPL is 299.69 USD with a low forecast of 230.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
32 Analyst Rating
19 Buy
11 Hold
2 Sell
Moderate Buy
Current: 247.650
Low
230.00
Averages
299.69
High
350.00
Current: 247.650
Low
230.00
Averages
299.69
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








