Tim Cook is stepping down as Chief Executive Officer of Apple today, August 31, 2026, after fifteen years leading the tech giant. He will transition to the role of Executive Chairman of the Board, with John Ternus taking over as CEO.

• Under Cook's leadership, Apple's services revenue surged from USD 9.37 billion in fiscal 2011 to USD 30.7 billion in the June quarter of 2026.
• Key product launches during his tenure include Apple Pay, Apple Watch, and AirPods, along with the development of Apple's in-house M1 chip.
• Cook famously refused a government order to create a backdoor into an iPhone in 2016, defending user privacy.

ChangXin Memory Technologies (CXMT) has achieved a significant milestone by becoming the first to mass produce LPDDR6, the latest generation of phone memory.

• The first device confirmed to feature this new memory is the Xiaomi 18 Fold, scheduled for launch in September.
• This debut sees CXMT outpacing established industry giants like Samsung and SK Hynix, who had previously announced plans for LPDDR6 production in later years.
• LPDDR6 offers speeds between 10,667 and 14,400 megatransfers per second, significantly enhancing performance for on-device AI and gaming.

Apple is reportedly set to launch its first foldable iPhone, rumored to be the iPhone Ultra, with a price exceeding KES 300,000, but it will lack Face ID.

• The device will feature a side-mounted Touch ID fingerprint reader instead of Face ID due to the thinness of the foldable screen.
• Apple has historically promoted Face ID as more secure and convenient than fingerprint technology.
• This biometric compromise is seen as a significant drawback for a device branded "Ultra" and priced so high, especially when newer iPhones might feature under-display Face ID.