Apple’s new chief executive has been named Apple’s “genius appointment” in the US and he is expected to be announced as soon as next week, sources have told The Irish News.
The appointment is expected at a meeting of Apple’s board of directors on Monday.
Apple’s new CEO, Tim Cook, was named by the company’s board as its “genie appointment” on Friday.
He will be the first Apple chief to lead the company for at least a decade, having worked there for over a decade and taking over from former CEO Steve Jobs.
Mr Cook will be Apple’s fifth CEO and the first since the late Steve Jobs in 2010.
Apple is expected in the coming months to release a new iPad.
The Irish Times has reported that the US stock market is likely to follow the UK market’s rise on Monday to a six-month high.
The US stock index has rallied more than 3 per cent to a record high, with the S&P 500 index rising almost 1 per cent.
Apple shares closed up 0.9 per cent at $98.69 in New York on Monday, as investors continued to be impressed by Mr Cook’s achievements.