AAPL Stock Surges as New CEO Ternus Hails 'Phenomenal' Product Launch

Apple Inc.'s (AAPL) stock jumped by 2.5% on Tuesday, marking its highest single-day increase since late July.

This surge comes as newly appointed CEO John Ternus expressed enthusiasm for the company's upcoming product launches and long-term hardware initiatives in his first official memo to staff.

Ternus praised predecessor Tim Cook, who stepped down after a 15-year tenure as CEO, calling him a 'CEO who led with his values and with such decency and humanity.'

The September 9 event is expected to feature Apple's first foldable smartphone, along with new home automation offerings.