
Apple names Indian-origin executive Sabih Khan as COO
Sabih Khan
as its chief operating officer, taking over from
Jeff Williams
, as part of a long-planned succession.
Khan, who has been with Apple for 30 years and is currently the senior vice president of operations, will take on the new role later this month, the iPhone maker said in a statement. Before joining Apple's procurement group in 1995, he worked as an applications development engineer and key account technical leader at GE Plastics.
Williams will continue to report to CEO
Tim Cook
and oversee the company's design team and Apple Watch. The design team will report directly to Cook after Williams retires late in the year.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
6 hours ago
- Mint
Wall St Week Ahead-Tariffs, Fed, tech results headline jam-packed markets week
(Repeats SCHEDULED COLUMN originally published on July 25, no changes) Aug 1 deadline looms for US trading partners Fed policy decision Weds, US jobs report Fri Results due from Apple, Microsoft, Amazon, Meta NEW YORK, July 25 (Reuters) - A looming U.S. deadline for more severe global tariffs is among a barrage of upcoming events threatening to disrupt an increasingly calm U.S. stock market that has set a string of all-time highs. President Donald Trump has extended a deadline to August 1 for when higher levies will take effect on an array of trading partners unless deals are struck. That could boost market volatility heading into next Friday. Much more is on the calendar that could move markets. Investors will watch the Federal Reserve's monetary policy meeting, the monthly U.S. employment report and earnings reports from megacap companies Apple, Microsoft and Amazon. "There is going to be a lot to digest for markets into next week," said Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments. "Expectations from the markets have gone up relative to several months ago," Miskin said. "So it's just going to be another big week for trying to meet loftier expectations." RECORD HIGHS, FALLING VOLATILITY The benchmark S&P 500 kept tallying new all-time highs during the week. Equities have recovered from a plunge after Trump's April 2 "Liberation Day" tariff announcement set off fears of a recession that have since ebbed. The S&P 500 has surged 28% since its low for the year a week later, while the tech-heavy Nasdaq Composite has jumped 38% in that time. "We just got three years of return in three and a half months," said Chris Galipeau, senior market strategist at the Franklin Templeton Institute. "The equity market needs to consolidate this move." Market volatility measures have eased considerably. The Cboe Volatility Index spiked to 60 in April, but has been below its long-term median of 17.6 for most of July and on Wednesday posted its lowest close in five months. However, pockets of volatility have emerged in the past week. Eye-popping gains in highly shorted stocks such as Kohl's and Opendoor Technologies heralded the possible return of a "meme stock" craze that could signal some over-exuberance in risk appetite, at least among retail investors. Meanwhile, the record-setting rally has lifted valuations to historically expensive levels. The S&P 500 was trading at 22.6 times earnings estimates, well above its long-term average P/E ratio of 15.8, according to LSEG Datastream, which could make the market vulnerable to disappointments in the coming week. Higher tariffs on the European Union and many other countries could take effect on August 1. Trump had paused many of the most severe of his reciprocal tariffs in April, following the bout of extreme market volatility. "There is a particular belief and conviction that the market has that the administration just won't be as aggressive as they've been threatening because of what was experienced in early April," said Kevin Gordon, senior investment strategist at Charles Schwab. "The next hurdle in the trade (situation) is really to see what sticks." FED OFFICIALS AWAIT TARIFF IMPACT The Fed is widely expected to hold interest rates steady in its monetary policy decision on Wednesday, as central bank officials want more data to determine if tariffs are worsening inflation before they ease rates further. But tensions between the White House and the central bank over monetary policy have heightened, with Trump repeatedly denouncing Fed Chair Jerome Powell for not cutting rates. Two of the Fed Board's Trump appointees have articulated reasons for supporting a rate cut this month. A packed week of corporate results includes Apple, Microsoft, Amazon and Facebook parent Meta Platforms, four of the "Magnificent Seven," whose stocks heavily influence benchmark indexes because of the companies' massive market values. With about 30% of S&P 500 companies having reported results, overall second-quarter earnings are on track for a 7.7% increase from a year ago, according to LSEG IBES. That would beat a 5.8% estimated rise on July 1. The week ends with the monthly U.S. employment report on Friday. Employment in July is expected to have increased by 102,000 jobs, according to Reuters data as of Thursday, after rising by 147,000 jobs in June. "We've had relatively strong economic data that almost shows a modest re-acceleration in the economy in June and I think markets are priced to reflect this re-acceleration," Miskin said.


Hindustan Times
9 hours ago
- Hindustan Times
iOS 26 update now available: Compatible iPhones, how to install, and what's new
Apple has officially released the public beta of iOS 26, giving iPhone users a chance to experience the next-generation software ahead of its final rollout. The update brings a bold new design, Apple Intelligence features, and improvements across core apps and services. iOS 26 brings a major visual overhaul, deeper AI integration via Apple Intelligence, and significant improvements.(Apple) iOS 26 Public Beta: Who Can Download It? The iOS 26 public beta is available to all users enrolled in Apple's Beta Software Program. Compatible devices include the iPhone 11 and newer, including the SE (2nd generation and later). To install it, users must sign in at enable beta updates in Settings, and download the update via the Software Update section under General settings. Supported iPhones for iOS 26: -iPhone 11 to iPhone 16 series (including all Pro and Plus models) -iPhone SE (2nd gen and later) Installation Caution: Back Up First Apple strongly advises users not to install beta software on their primary devices. Since beta releases may contain bugs or incomplete features, users should back up their iPhones via Mac Finder or iCloud before updating. An archived backup ensures data can be restored if needed. Key Features of iOS 26 System Redesign: The update introduces Liquid Glass, a new design language featuring translucent effects that adapt to the environment. This change appears across the Lock Screen, Home Screen, app icons, and system navigation. Apple Intelligence Enhancements: -Live Translation in Messages, FaceTime and Phone app -Visual Intelligence: Ask questions about on-screen content -Smarter Shortcuts with AI-driven suggestions Communication Upgrades: -The Phone app now includes Call Screening and Hold Assist -Messages gets polls, custom chat backgrounds, and Apple Cash transfers -Group chats now show typing indicators, and unknown senders are filtered App Updates: -Apple Music adds Lyrics Translation and AutoMix transitions -Maps includes privacy-protected Visited Places and improved routing -Wallet supports installment payments, updated boarding passes, and new integrations -A new Games app acts as a central hub for mobile gaming CarPlay also gets a refresh, supporting widgets, pinned conversations, and Live Activities. Final release timeline Apple is expected to release the final version of iOS 26 to the public in September 2025, alongside the launch of the iPhone 17 series.


India Today
13 hours ago
- India Today
Samsung says Apple foldable is good for the industry, teases more AI assistants beyond Gemini for Galaxy S26
As the foldable smartphone wars heat up, Samsung is bracing for the moment its biggest rival finally steps into the ring. Apple's first folding iPhone is widely rumoured to be on the horizon, but Samsung insists it isn't fazed. In a new interview with Bloomberg, Samsung's President of Mobile, Won-Joon Choi, made it clear that the Korean giant is confident in its head been doing this for many years, and we have accumulated a lot of technologies and know-how. And, having another global technology company [in] this category is good for the industry and is going to be great for the consumers,' he said, when asked how Samsung would 'keep its edge' once Apple inevitably joins the comments come as Samsung unveils the Galaxy Z Fold 7 and Z Flip 7, its most refined foldables to date, in a market where competition from Chinese brands is growing ever fiercer. On the other hand, Apple's first foldable is speculated to debut next year, 2026. While nothing is confirmed, we have reported a lot of evidence that shows Apple is working on its Galaxy Z Flip 7 with in-house Exynos processor This year's Galaxy Z Flip 7 also marks a bit of a milestone for Samsung: it's the company's first foldable to use an in-house Exynos processor. When pressed on why the company chose that chip, Choi explained that there's no brand loyalty when it comes to silicon. 'We have a rigorous process when picking a chipset,' he said. 'We look at performance, power consumption, and other reasonable aspects of the consumer requirements.'Will next year's Flip stick with an Exynos 2600? That, Choi hinted, is still undecided: Samsung will 'consider every option.'AI and it's not just GeminiAnd then, of course, there was AI. You can't have a tech interview these days without latest phones already lean on Google's Gemini AI for a range of smart features, but Choi made it very clear that the future isn't exclusive.'Gemini will not be the only AI assistant we're going to integrate with Galaxy,' he teased. 'We're going to integrate multiple AI assistants and AI agents with this framework that we've built. It could be anything, as long as these AI agents are competitive, and AI agents can provide the best user experience, we are open to any ideas. We are talking to multiple vendors. I think at the time of [Galaxy] S26 you're going to see more. In addition to Gemini, you're going to see more at the time of [Galaxy] S26.'Pressed on whether that means partnerships with companies like Perplexity or ChatGPT maker OpenAI, Choi simply smiled and said 'anyone' is on the table. Still, with a big hint that Samsung will have much more to say around the Galaxy S26 launch, it seems certain there are deals already closed out the conversation with his vision for the future of mobile: 'the smartphone as the central hub for AI.'Tariffs and trade politicsThe conversation then shifted to another storm cloud hanging over the smartphone business: trade policy. New rules could see devices not manufactured in the United States slapped with a hefty 25 per cent this, Choi was deliberately cautious, pointing out that Samsung's global reach offers a safety net. 'Samsung has multiple manufacturing facilities in key regions around the world,' he said. This gives the company 'a lot of flexibility' to move production as needed. Speaking directly to the US tariff threat, he added, 'There are a lot of uncertainties,' but Samsung has been working to ensure products bound for the American market can be assembled in 'multiple locations.'For now, Samsung may be keeping its cards closed, but with rivals circling, and Apple poised to pounce, the next year looks set to be one of the most interesting in foldables yet.- EndsMust Watch