Tim Cook Could Be Replaced By This 25-Year Veteran, JPMorgan Wins Apple Card Business And More: This Week In Appleverse - Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG)

Group 1: Leadership Changes at Apple - Reports suggest that John Ternus, the head of hardware engineering, is the top contender to succeed Tim Cook as CEO of Apple Inc. [2] - Ternus has been with Apple for over 25 years and has significantly contributed to the development of key products, including the iPhone and the upcoming foldable iPhone [3] Group 2: Tim Cook's Compensation - Tim Cook was among the highest-paid executives in 2024, although his compensation for 2025 saw a slight decrease [4] - Despite the dip, Cook's pay package remains substantial, allowing him to purchase approximately 92,984 units of the iPhone 17 with his compensation [4] Group 3: JPMorgan's Expansion in Consumer Finance - Apple has selected JPMorgan Chase as the new issuer of the Apple Card, replacing Goldman Sachs, which significantly alters the consumer finance landscape for all involved [5] - This deal is expected to bring over $20 billion in Apple Card balances onto JPMorgan's platform, enhancing its already extensive credit card business [5] Group 4: Market Activity and Legislative Insights - Senator Shelley Moore Capito disclosed the sale of stocks from Apple, Alphabet Inc., and Microsoft, indicating a strategic shift in her investment portfolio [6] - The senator's decision not to sell a specific underperforming stock from the Magnificent Seven may provide insights into market sentiment and trading behaviors among Congress members [6] Group 5: Positive Signals for Nvidia and Apple - Foxconn Technology Group reported a record-breaking fourth quarter, driven by increased demand for artificial intelligence, which is also favorable for Nvidia and Apple [8] - The company's fourth-quarter revenue reached NTD 2.6 trillion (approximately $82.7 billion), reflecting a 22% year-over-year increase [8]