Apple is set to hold its first major event under new CEO John Ternus on Wednesday, and one question that intrigues everyone, including us, is whether former CEO Tim Cook will speak. Per Bloomberg’s Mark Gurman, Cook will be in the audience while the video presentation plays, but he won’t be part of the video itself.

Tim Cook called it a hundred-year flood in memory pricing, and now Apple is betting a $2,400 foldable iPhone can keep margins intact while rivals have already lapped the category twice.

The video says Tim Cook is stepping down after transforming Apple from a roughly $350 billion company into a $4 trillion giant, with longtime hardware executive John Ternus taking control. Ternus helped shape products including the iPad,

CEO John Ternus a cinematic introduction during the company's annual event. It is the first event Ternus will be presenting at as head of the company.

Apple's now-former CEO transformed his company's bottom line with this ongoing investment.

What is the eventual off-ramp for Cook, and when will Apple fully become Ternus’ company?” For most people, the answer is Wednesday at approximately 10 a.m. Pacific Time. H

Tim Cook is poised to earn a $2 million salary and stock awards with a target value of $45 million in his first year as Apple's executive chairman.