Tim Cook exits Apple

Apple has announced that Tim Cook will resign as chief executive on September 1, 2026, marking only the third leadership change in the company's history.

John Ternus, currently the senior vice president of hardware engineering, has been named as his successor to lead the tech giant through the burgeoning AI era.

Cook will remain involved with the firm as executive chairman, focusing on policy engagement and long-term strategy.

Analysts view the appointment of a hardware specialist as a strategic bet on device-led innovation to counter software-heavy rivals.