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To mark the occasion, he created a profile on X, and within three hours of posting \"hello,\" he already had 300,000 followers.His instant stardom is largely a credit to his predecessors, who created the world's biggest device company. Steve Jobs built the company that defined how humans used computers for four decades. Tim Cook scaled it massively thanks to his supply-chain brilliance.So what is the company Ternus inherits?Apple's market capitalization sits at nearly $4.8 trillion, just below its late July peak. It is a massive number that translates to more than 30 times next year's expected profit, well over the earnings multiple of the broader S&P 500 index at 20 times. 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Update: Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2664866830","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664866830?lang=en_us&edition=fundamental","pubTime":"2026-09-02 03:17","pubTimestamp":1788290245,"startTime":"0","endTime":"0","summary":"Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF  falling 1.5% and the State Street SPDR S&P Semiconductor ETF  dropping 2.2%.The Philadelphia Semiconductor index shed 2.2%.In corporate news, Apple  is continuing to reshape its leadership ranks as John Ternus begins his tenure as chief executive officer, with longtime executive Luca Maestri stepping away from his corporate services responsibilities, Bloomberg reported. Maestri's duties, including information technology, information security and corporate real estate, have been assumed by Chief Financial Officer Kevan Parekh, according to Apple's updated management biographies, the report said. Apple shares were up 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The biggest change in the global market cap rankings in August was SpaceX, whose market cap rose to $1.89 trillion with a monthly gain of 32.59%, while Tesla, SK Hynix, and Micron Technology also recorded sizable gains. 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In such uncertain times, investors often look beyond established giants to explore opportunities in lesser-known areas of the market. Penny stocks, though sometimes perceived as relics of past trading days, can still offer intriguing prospects when backed by robust financials. 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