New CEO John Ternus likely to shake up Apple’s spending strategy

Apple’s incoming CEO John Ternus
As John Ternus prepares to step in as Apple’s CEO in just two weeks, investors are eyeing a potential shift in the company’s spending priorities.
The hardware engineering veteran is expected to steer Apple toward heavier investment in artificial-intelligence software, possibly easing the firm’s long-standing emphasis on massive share buybacks in favor of more aggressive R&D and growth initiatives in the AI era.
Angela Palumbo for Barro