Mark Gurman

Mark Gurman

@markgurman.bsky.social

Breaking News on Apple and Tech. Bloomberg Managing Editor and Chief Correspondent. Subscribe to Power On. Tips: mark@markgurman.com. Signal: markgurman.01. Telegram: GurmanMark.

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Mark Gurman
@markgurman.bsky.social

NEW: The iPhone Duo screen-cracking issue is real. Apple hasn’t given stores or customer service representatives guidance but the company is investigating it. Several have personally sent me their images and stories of their new $2000 device breaking within hours. www.bloomberg.com/news/article...

bloomberg.comApple’s Foldable iPhone Duo Draws Early Complaints of the Screen CrackingThe iPhone Duo, one of Apple Inc.’s biggest new products in years, is drawing a growing number of complaints from customers who say the foldable display cracked after just hours or days of use.
Mark Gurman
@markgurman.bsky.social

NEW: Apple is preparing to launch the first set of Apple Intelligence features in China in December after being stuck in years of regulatory scrutiny. www.bloomberg.com/news/article...

bloomberg.comApple Prepares to Debut First AI Features in China in DecemberApple Inc. is gearing up to release its artificial intelligence platform in mainland China, following a lengthy regulatory delay that has kept the company’s AI features out of one of its most importan...
Mark Gurman
@markgurman.bsky.social

Power On: Apple spent a decade losing the smart home. Now it has a plan to compete: HomeView, a new Apple TV and HomePod mini, and LG-built accessories. Tuesday’s unveiling is about protecting the iPhone as much as outfitting your house. www.bloomberg.com/news/newslet...

bloomberg.comApple Is About to Close the Biggest Hole In Its Ecosystem With HomeViewFresh details on Apple’s HomeView, HomePod mini and new Apple TV, including release dates, colors, chips and features.
Mark Gurman
@markgurman.bsky.social

NEW: Apple is naming Steve Smith its new M&A chief, shifting longtime dealmaking head Adrian Perica to focus exclusively on his responsibilities overseeing parts of the company’s services business. It’s the latest management shake-up under John Ternus. www.bloomberg.com/news/article...

bloomberg.comApple Names New M&A Chief in Latest Shake-Up Under CEO John TernusApple Inc. is naming a new mergers and acquisitions chief, according to people familiar with the matter, marking the latest management change under new Chief Executive Officer John Ternus.
Mark Gurman
@markgurman.bsky.social

NEW: Apple - in an unusual partnership with LG - is readying a Doorbell, Deadbolt Lock, Thermostat, Indoor Camera, Outdoor Camera, Floodlight Camera and more to rival Amazon and Google as part of its major smart home reboot. www.bloomberg.com/news/article...

bloomberg.comApple’s Smart Home Push Includes Doorbell, Lock, Thermostat Codeveloped With LGApple Inc.’s upcoming push into smart home devices will include a doorbell, thermostat and other accessories developed through an unusual partnership with LG Electronics Inc.
Mark Gurman
@markgurman.bsky.social

Follow me on Apple Podcasts: podcasts.apple.com/us/podcast/i... Follow on Spotify: open.spotify.com/show/794IHMP... Follow on Amazon: music.amazon.com/podcasts/45c... Follow on iHeart: www.iheart.com/podcast/1119...

podcasts.apple.comIntroducing: Power On with Mark GurmanPodcast Episode · Power On with Mark Gurman · Trailer · 2m
Mark Gurman@markgurman.bsky.social

This Thursday, I’m launching the Power On Podcast and it’s all about Apple and consumer tech. It’ll be available anywhere you can get your podcasts, including on Apple and Spotify. It’ll also be a video podcast on YouTube and Bloomberg’s website. Enjoy!

Mark Gurman
@markgurman.bsky.social

This Thursday, I’m launching the Power On Podcast and it’s all about Apple and consumer tech. It’ll be available anywhere you can get your podcasts, including on Apple and Spotify. It’ll also be a video podcast on YouTube and Bloomberg’s website. Enjoy!

Mark Gurman
@markgurman.bsky.social

NEW: Apple will launch its next big thing on October 13, a major new smart home device with a display. Here’s an in-depth look at its design, features, apps, use cases and more — www.bloomberg.com/news/article...

bloomberg.comApple Is Finally Ready to Enter Its Next Big Category: the Smart HomeApple Inc. plans to make its long-delayed push into the smart-home market on Oct. 13, marking a critical product expansion for the company under new Chief Executive Officer John Ternus.
Mark Gurman
@markgurman.bsky.social

NEW: Apple’s new CEO John Ternus is moving to overhaul the company to run faster, leaner, launch products more frequently and squeeze more revenue out of existing products and services. A look at the plans — www.bloomberg.com/news/article...

bloomberg.comApple’s New CEO Moves to Overhaul Company to Run Faster and LeanerApple Inc. Chief Executive Officer John Ternus, just weeks into the role, is moving to overhaul the iPhone maker in an effort to accelerate product development, broaden its range of devices and create...
Mark Gurman
@markgurman.bsky.social

Exclusive: All the details on Meta's new Muse Charm, a dedicated AI hardware device that sits in the palm of your hand for Muse. It can be worn with a wrist strap, has an OLED screen, 5G and was developed by Apple's former top interface design executive. www.bloomberg.com/news/article...

bloomberg.comMeta Debuts a Dedicated, Palm-Sized ‘Charm’ Device to Use Muse On the GoMeta Platforms Inc. unveiled a palm-sized, dedicated gadget for using Muse, the company’s popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise annou...
Mark Gurman
@markgurman.bsky.social

NEW: Meta debuts $1,299 VR Glasses at 100 grams by offloading the battery and compute to an external pack. In a demo, it's pretty close to the Apple Vision Pro at less than half the price and 1/6th the weight. They are incredible. www.bloomberg.com/news/article...

bloomberg.comMeta Launches Lightweight $1,299 VR Headset That Looks Like GlassesMeta Platforms Inc. on Wednesday launched $1,299 virtual-reality glasses that undercut Apple Inc. in price and size while putting its headset line on track for profitability.
Mark Gurman
@markgurman.bsky.social

NEW: Apple’s $2,000-Plus Foldable iPhone Was a Decade in the Making — Inside the development of the device, pricing details, the gigantic impact of Tim Cook, what it means for new CEO John Ternus and more www.bloomberg.com/news/article...

bloomberg.comApple’s $2,000-Plus Foldable iPhone Was a Decade in the MakingAround 2020, Apple Inc. Chief Executive Officer Tim Cook returned from a trip to Asia unusually energized about a new product category: foldable phones.
Mark Gurman
@markgurman.bsky.social

NEW: Apple sets pay for John Ternus and Tim Cook in their new roles. Ternus CEO target pay for 2027 is $58 million, while Cook as chairman is at $47 million. This is salaries + stock units that can fluctuate in value so could be higher (likely) or lower. www.bloomberg.com/news/article...

bloomberg.comApple Sets Pay Targets at $58 Million for Ternus, $47 Million for CookApple Inc. said that new Chief Executive Officer John Ternus will get a compensation package worth about $58 million in fiscal 2027, while Tim Cook’s role as executive chairman will pay around $47 mil...
Mark Gurman
@markgurman.bsky.social

Apple's changing of the guard continues, with former CFO Luca Maestri stepping down from his recent role of VP of Corporate Services. He remains on payroll for now, hosting a popular class at Apple University. www.bloomberg.com/news/article...

bloomberg.comApple’s Former CFO Maestri Drops Role Running Corporate ServicesWith John Ternus beginning his role as Apple Inc. chief executive officer this week, another mainstay from the Tim Cook era is dropping his late-career responsibilities.
Mark Gurman
@markgurman.bsky.social

NEW: Phil Schiller, one of its most important and visible executives during both the Jobs and Cook eras, is stepping down from his role leading the App Store and product launch events in Apple’s major changing of the guard. www.bloomberg.com/news/article...

bloomberg.comApple’s Phil Schiller Steps Down from Running App Store, Product EventsApple Inc.’s Phil Schiller, one of the most visible and influential executives across both the Steve Jobs and Tim Cook eras, has stepped down from his role leading the App Store and product events.
Mark Gurman
@markgurman.bsky.social

NEW: Tim Cook sends a final memo to Apple employees on his last day as CEO. “I will miss this work in ways I can only begin to imagine, even as I remain completely at peace with my decision,” he says, adding he has “enormous comfort” with Ternus in charge. www.bloomberg.com/news/article...

bloomberg.comApple’s Cook Says He ‘Will Miss This Work’ as He Leaves CEO RoleApple Inc.’s Tim Cook told employees that he’ll miss the role of chief executive officer but has “enormous comfort” in the leadership of his replacement, John Ternus.
Mark Gurman
@markgurman.bsky.social

Apple’s heads of retail, marketing and services have all been at Apple around four decades each. Here’s who will likely replace each of them in the coming years.

Mark Gurman@markgurman.bsky.social

Power On: When John Ternus becomes Apple’s CEO this week, one of his biggest challenges will be a need to soon revamp a management team that has steered its corporate culture for decades. A look at another shake-up to come. www.bloomberg.com/news/newslet...

bloomberg.comApple’s New CEO Will Need to Soon Overhaul His Management TeamAlso: Apple experimented with a Pencil for the coming foldable iPhone.
Mark Gurman
@markgurman.bsky.social

NEW: Another Apple management change, with company hiring a new head of government affairs that will work closely with the Trump Administration. Nate Gatten comes from American Airlines, which announced his exit this morning. www.bloomberg.com/news/article...

bloomberg.comApple Taps American Airlines Veteran as Government Affairs HeadApple Inc. hired Nate Gatten as its new head of government affairs, tapping a longtime American Airlines Group Inc. executive with Republican ties to handle a delicate role at the company.
Mark Gurman
@markgurman.bsky.social

NEW: Apple’s top executive in charge of Apple Pay & Wallet, Jennifer Bailey, is leaving . One of Apple’s most influential executives, her departure is the latest in a changing of the guard, with several leaders nearing retirement amid the CEO transition. www.bloomberg.com/news/article...

bloomberg.comApple Executive in Charge of Pay and Wallet Services Is LeavingApple Inc.’s Jennifer Bailey, the longtime head of Pay and Wallet services, is retiring after more than two decades at the company, adding to a sweeping changing of the guard at the iPhone maker.
Mark Gurman
@markgurman.bsky.social

NEW: Apple is still planning to offer a glass-centric overhaul of the iPhone for the device’s 20th anniversary next year, people familiar with the matter said, countering an analyst report that the move had been canceled. www.bloomberg.com/news/article...

bloomberg.comApple’s Glass-Centric 20th-Anniversary iPhone Remains on Track for 2027Apple Inc. is still planning to offer a glass-centric overhaul of the iPhone for the device’s 20th anniversary, people familiar with the matter said, countering an analyst report that the move had bee...
Mark Gurman
@markgurman.bsky.social

NEW: OpenAI’s device - a human-like smart speaker - will look like a doughnut and be the size of a hockey puck. It meant to be held. It has a camera, speakers, microphones, lights and, most notably, moving parts to show interactivity. It’ll be $300-400. www.bloomberg.com/news/article...

bloomberg.comOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300A highly anticipated new device from OpenAI will have a unique look, complete with moving parts that help give it personality, and likely cost more than $300, according to people familiar with the mat...