Apple Jumps 2.5% After CEO John Ternus Hails Sept. 9 Launch as Phenomenal

1 articles · Updated · Yahoo Finance · Sep 1

Apple shares rose 2.5% Tuesday—their best day since late July—after new CEO John Ternus told employees next week's product launch would be "phenomenal."
In his first staff memo after succeeding Tim Cook, Ternus praised Apple's hardware pipeline and said the company has major products both near launch and still in development.
The Sept. 9 event is expected to unveil Apple's first foldable iPhone and new smart-home devices, with marketing chief Greg Joswiak saying more on the leadership transition will also be shared.
Cook, who led Apple for 15 years, moved to executive chairman and told staff in a farewell note Monday that he has full confidence in Ternus.