Tim Cook to step down

In a significant leadership transition, Tim Cook will step down as Apple CEO on September 1, 2026, concluding a tenure that saw the company's market valuation soar by over $3.6 trillion.

John Ternus, a 25-year veteran of the firm and a key figure in the development of the iPhone and Mac hardware, has been named as his successor.

Cook will remain active within the organization as executive chairman of the board, focusing on policy engagement and long-term strategy.

Analysts suggest the appointment of a hardware expert signals Apple's intent to prioritize device-level integration for the burgeoning artificial intelligence era.