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Tim Cook to Step Down as Apple CEO: John Ternus to Take Over Amidst Shifts in Apple's Ecosystem

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In an upcoming major change at Apple, Tim Cook is set to step down as CEO in September, with John Ternus, the current hardware chief, appointed as his successor. This transition comes at a time when Apple faces a challenging landscape:

  • The App Store's traditional 30% cut is under scrutiny and pressures.
  • Apple's dominance over developers is being tested as alternative pathways emerge, including vibe-coded apps.

This episode of TechCrunch’s Equity podcast, hosted by Kirsten Korosec, Anthony Ha, and Sean O’Kane, explores potential impacts of this leadership shift on startups and dives into notable tech deals of the week:

  • Anthropic's Mythos model raises concerns about safety and marketing.
  • A significant $5 billion Amazon-Anthropic agreement, suggesting similarities to other AI infrastructure transactions.
  • SpaceX has a $60 billion option for startup Cursor, reflecting on Elon Musk's AI direction after the xAI merger.
  • The readiness of Revolut and AI chip startup Cerebras for public market entries, amid questions about the IPO market reopening.

Listeners can access the episode on platforms like YouTube, Apple Podcasts, and Spotify, and follow updates on X and Threads.