CBS News·3 min read·medium

Apple event expected to deliver foldable iPhone and debut of new CEO John Ternus

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Aimee Picchi
Apple event expected to deliver foldable iPhone and debut of new CEO John Ternus
AI Summary

Apple's upcoming 'Surprise and Shine' event is expected to feature the company's first foldable iPhone and the debut of new CEO John Ternus. Analysts are watching closely to see how Apple addresses its perceived lag in AI development compared to competitors.

Why it matters

As Apple faces slowing iPhone sales and market pressure regarding AI, this event is critical for the company's future growth and market positioning.

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Apple's annual fall product showcase is expected to deliver two firsts: the company's first foldable phone and the debut of new CEO John Ternus, who succeeded longtime leader Tim Cook on Sept. 1.The event, which Apple is dubbing "Surprise and Shine," will start at 1 p.m. ET on Sept. 9 at its Cupertino, California, headquarters. The annual rollout gives the tech giant a chance to feature its newest devices just before they hit the shelves, typically a few days later. Will Apple deliver on AI?Apple has a lot riding on this year's event. Sales of its trademark iPhone have been slowing, given that Americans own about 158 million of them, covering more than half of U.S. adults.

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