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In a new regulatory filing today, Apple revealed that new CEO John Ternus is receiving a pay package with $58 million in salary and target stock awards. The company also shared details on Tim Cook’s lucrative new deal as Apple’s executive chairman.

If you head to Apple Maps today, you’ll notice that Apple has started renaming Lake Ontario to “Lake America.” The move follows Trump’s order last week to change the name as part of an ongoing trade dispute with Canada.

New Apple CEO John Ternus has just sent his first company-wide memo. In it, Ternus thanks Tim Cook and recognizes that Apple is “so lucky to have had a CEO who led with his values and with such decency and humanity.”

“We have a huge launch next week that’s going to be phenomenal,” Ternus also says, in reference to Apple’s forthcoming “Surprise and shine” special event.

Read the full memo, obtained by 9to5Mac, below.

Bloomberg carries a piece noting the astonishing gains made by Apple stockholders during the time when Tim Cook was CEO. The cumulative gain was 2,275% – or a total return of 2,736% when accounting for dividend payments also.

The site suggests this will make him a tough act to follow, but my own view is that new CEO John Ternus doesn’t have to emulate Cook’s management of the company …

Apple has filed a new document in its ongoing lawsuit against OpenAI as it continues to push for expedited discovery. In today’s filing, Apple says that it has new “shocking evidence” based on early forensic inspection of a laptop used by former engineer Chang Liu.

Today is Tim Cook’s last day as Apple CEO, with John Ternus set to take over tomorrow. To mark his last day in the role, Cook penned an emotional memo to Apple employees today. Read it below.

After 15 years at the helm, today is officially Tim Cook’s last day as Apple CEO. In April, Apple announced that Cook would step down as CEO on September 1, with John Ternus set to take the reins.

Cook, of course, isn’t going away completely. Instead, he’s set to become executive chairman of Apple’s board of directors.

Not to be overshadowed by the new Mac mini and Mac Studio, Apple today has also released an updated version of its Polishing Cloth. In an age of everything getting more expensive, the new Polishing Cloth is cheaper than before at $9 (down from $19). It’s also available on Amazon

Apple hit its 50th birthday this year, and many of its customers are even older. The company has created a new support page outlining 50 ways to make its devices easier to use, mostly using accessibility settings.

These range from changing the size of text on an Apple Watch to having your iPhone alert you when your washing machine cycle is complete …

Apple is cutting jobs across multiple teams, according to a new Bloomberg report. All told, the company has cut more than 200 jobs across teams working on Vision Pro, Siri, and software engineering.

Apple’s long-running antitrust battle with the European Union over the sale of iPhone apps appears to finally be over.

The EU has said that it welcomes the new app commission rates the company is offering within the bloc. The revised terms will see developers pay a commission or fee ranging from 5% to 26%, depending on their turnover and chosen sale channels …

App Tracking Transparency (ATT) is an Apple privacy initiative intended to allow iPhone owners greater control over how developers collect and use their data. However, the company was accused of treating its own apps more favourably than third-party ones.

The company has now agreed to apply new rules to how ATT works throughout the EU, following an investigation by the German antitrust regulator. Update: Apple statement added at the end of the piece …

Tim Cook has entered his final weeks as Apple CEO, with John Ternus set to take over on September 1.

In an interview with CBS News this week, Cook reflected on his “legacy” as Apple CEO.

Apple has hired a new vice president of government affairs. Bloomberg today reports that Nate Gatten, a veteran executive from American Airlines, will take over the role on August 31.

Apple’s head of Apple Pay and Wallet is retiring in October, according to a new report from Bloomberg. Jennifer Bailey joined Apple in the early 2000s and has served as vice president of Apple Pay since 2014.

Apple has revealed how the new Siri AI features will work for users in China. The new AI features will be powered by Alibaba’s Qwen models.

While the iPhone maker is partnering with Google for access to its Gemini models in most countries, the Chinese government requires Apple to instead partner with a local AI company …

Apple has added a host of new products to its official Certified Refurbished Store this week. New M5 MacBook Pro models, the Studio Display XDR, high-end M5 MacBook Air configurations, and more are available.

Security researchers have discovered a problem with Apple’s iCloud Private Relay service. While the feature is meant to protect your real IP address, it might actually be leaking it to websites.

Apple has filed a request for a preliminary injunction in its ongoing trade secrets lawsuit against OpenAI. Without a preliminary injunction, Apple says it will be “irreparably harmed” by the theft of its trade secrets.

John Ternus is officially set to take over as Apple CEO on September 1. Ahead of that, he’s shaping the team around him and has brought back a key hardware engineering executive who retired several years ago.

Apple today officially announced its Apple Upgrade leasing program, and it works in the way we expected. While it does make products more affordable on a monthly basis, it leaves people at risk of being trapped into a never-ending lease cycle.

That’s because, unlike the iPhone Upgrade Program it partly replaces, you don’t own the device outright at the end of the term …