Tim Cook steps down as Apple CEO on August 31, handing reins to John Ternus
Tim Cook is stepping down as Apple CEO on August 31, 2026, after a 15-year tenure. He will be succeeded by John Ternus, senior vice president of Hardware Engineering, and will remain as executive chair. Under Cook, Apple’s market capitalization grew from approximately $350 billion to over $4 trillion, and its Services segment revenue surpassed $100 billion. The transition marks a major leadership change for the tech giant.
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John Ternus succeeds Tim Cook as Apple CEO amid AI and growth challenges
After 15 years as CEO, Tim Cook has stepped aside at Apple, replaced by longtime executive John Ternus. The transition comes at a critical time for the $4.75 trillion company, which faces mounting pressure on its artificial intelligence strategy, competition from upstarts like OpenAI, a memory chip shortage, slowing revenue growth, and criticism over product design stagnation. Recent product launches have been incremental, with notable misfires including the Vision Pro headset and Siri updates. Apple has been behind in AI-driven form factors like smart glasses, and its acquisition activity has been muted, though a recent $2 billion purchase of audio AI startup Q.ai signals potential change. Analysts suggest Ternus's product background may help Apple refocus on device design and user interface. Ternus is scheduled to appear at Apple's major product event on September 9, marking the start of a new era for the company.
Tim Cook to step down as Apple CEO, receive US$47 million as executive chairman in 2027
Tim Cook will step down as CEO of Apple after 15 years in the role, according to a post on X. He is set to receive approximately US$47 million in 2027 as executive chairman. His successor, John Ternus, will have a compensation package of around US$58 million. The announcement marks a significant leadership transition for the technology giant, though no specific date for the change was provided beyond the 2027 reference for Cook's chairman compensation. The post directs readers to an external link for more details.
Read sourceApple grants to Ternus and Cook to fluctuate with stock price; Cook plans long tenure as chairman
Apple has issued new stock grants to executives John Ternus and Tim Cook, the value of which will vary based on the company's stock performance. Additionally, Tim Cook has stated his intention to remain in his new role as executive chairman for an extended period. The grants tie executive compensation to Apple's market performance, aligning leadership incentives with shareholder value. Cook's commitment to a long tenure as chairman signals continuity in Apple's strategic direction following his transition from CEO. The exact value of the grants remains undetermined as it depends on future stock price movements. This development was reported by Bloomberg and shared via a social media post.
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Apple sets new CEO John Ternus compensation at $58 million, Tim Cook at $47 million
Following a c-suite shakeup at Apple, new compensation packages have been disclosed for top executives. John Ternus, the new CEO, will receive a base salary of $3 million and a stock grant valued at $55 million, for a total compensation package of $58 million. Tim Cook, who has moved to the role of Executive Chairman, will receive a base salary of $2 million and a stock grant of $45 million, totaling $47 million. The stock grants are noted as target values. This restructuring marks a significant leadership transition at the technology giant, with Ternus taking the helm and Cook assuming a chairman role.
Read sourceApple CEO John Ternus receives $58 million pay package for fiscal 2027
Apple disclosed the compensation package for new CEO John Ternus on his first day in the role, September 1, 2026. Ternus, who succeeded Tim Cook, will receive a $3 million annual salary and a targeted equity award of $55 million for fiscal 2027, bringing total target compensation to approximately $58 million. The package includes a prorated RSU grant of $2.5 million for partial-year service in fiscal 2026. Performance-based RSUs account for 75% of annual equity, tied to Apple's total shareholder return against the S&P 500, with the remainder in time-based RSUs vesting semiannually over four years. Tim Cook, now executive chairman, will earn a $2 million salary and $45 million equity award, totaling roughly $47 million, reduced from his $74.3 million CEO package in 2025. Ternus, 51, joined Apple in 2001 and led hardware engineering since 2021. His first product launch as CEO is scheduled for September 9, 2026, expected to feature new iPhones, Apple Watches, and a rebuilt Siri with large language models.
Read sourceApple CEO John Ternus receives $58 million pay package for fiscal 2027
Apple disclosed the compensation package for new CEO John Ternus on his first day in the role, September 1, 2026. The package includes a $3 million annual salary and a targeted equity award of $55 million for fiscal 2027, totaling approximately $58 million. Performance-based restricted stock units (RSUs) account for three-quarters of the equity award, tied to Apple's total shareholder return relative to the S&P 500. The remaining 25% consists of time-based RSUs vesting semiannually over four years. Apple also disclosed compensation for Tim Cook in his new role as executive chairman: a $2 million salary and $45 million equity award, totaling about $47 million. Cook's previous CEO pay in 2025 was $74.3 million. Ternus, 51, joined Apple in 2001 and became senior vice president of hardware engineering in 2021. His first major product launch as CEO is scheduled for September 9, 2026, expected to include new iPhones, Apple Watches, and a rebuilt Siri voice assistant powered by large language models. Cook's 15-year tenure saw Apple's market capitalization grow to $4 trillion.
Read sourceApple Begins John Ternus Era as New CEO Faces AI Challenge with Siri
On September 1, 2026, John Ternus officially became Apple's second CEO of the modern era, succeeding Tim Cook. Ternus, previously Apple's hardware chief with 25 years of product development experience, inherits a $4.75 trillion company with strong financial performance. Apple reported record Q3 FY2026 revenue of $109.4 billion, up 16% year over year, with iPhone revenue reaching $54.3 billion (up 22%) and Mac up 29%. Services revenue hit $30.7 billion with a 75.6% gross margin. The article highlights that Ternus's key challenge is integrating AI into Apple's hardware ecosystem, particularly through the newly unveiled Siri AI. Bloomberg's Mark Gurman notes that Apple must embed AI into hardware to monetize it, while facing regulatory hurdles from EU regulators and rising memory costs. The article questions whether Apple's hardware-focused business model can succeed in the AI age.
Apple: New CEO John Ternus to receive $58 million package, Tim Cook $47 million as chairman
Apple has announced that incoming CEO John Ternus will receive a compensation package valued at approximately $58 million in fiscal year 2027. Meanwhile, current CEO Tim Cook, who will transition to the role of executive chairman, will earn around $47 million. The disclosure outlines the leadership succession plan and compensation structure for Apple's top executives. Ternus, who has been with Apple for over two decades and most recently served as Senior Vice President of Hardware Engineering, will take over the CEO position. Cook's move to executive chairman ensures continuity in corporate governance. The compensation figures reflect Apple's approach to retaining key leadership talent during a transition period. The announcement was made via Apple's official communications and reported by various media outlets.
Read sourceApple: New CEO John Ternus to Receive $58 Million Package in Fiscal 2027
Apple has announced that incoming Chief Executive Officer John Ternus will receive a compensation package valued at approximately $58 million in fiscal year 2027. Meanwhile, Tim Cook, who will transition to the role of executive chairman, is set to earn around $47 million. The disclosure outlines the company's leadership succession plan and the financial terms for its top executives. The compensation figures reflect Apple's strategy for retaining key leadership talent as it navigates the next phase of its corporate governance. The announcement provides clarity on the remuneration structure for both Ternus and Cook, highlighting the significant value Apple places on its executive leadership during the transition period.
Read sourceTim Cook hands over Apple's CEO role to hardware chief John Ternus
Tim Cook is stepping down as Apple's CEO, handing over the reins to Apple hardware chief John Ternus. The transition marks the end of Cook's tenure, during which Apple's profit grew more than fourfold to US$112 billion. Ternus will be steering the company in the AI age, according to the report from The Business Times Singapore. The article, published on September 2, 2026, includes a photo of Cook and Ternus. The full text of the article was not provided beyond the summary and lead paragraph, but the core event of the leadership change is clearly stated.
Read sourceJohn Ternus to Succeed Tim Cook as Apple CEO, Focused on Custom Chips and AI Strategy
John Ternus, a 25-year Apple veteran, will succeed Tim Cook as CEO on Tuesday, becoming only the second CEO of Apple since Steve Jobs left in 2011. In a late 2023 CNBC interview, Ternus emphasized technology priorities including custom chips, device battery life, and memory architecture. As CEO, he will oversee software, devices, finance, and legal operations for the $4.7 trillion company. A key challenge ahead is articulating a vision for Apple's artificial intelligence strategy, which has not yet been fully executed. Ternus' appointment marks a significant leadership transition for the tech giant.
Read sourceTim Cook Hands Apple CEO Role to John Ternus, Stays as Executive Chairman
On September 1, 2026, John Ternus officially became CEO of Apple Inc., succeeding Tim Cook after his 15-year tenure. Cook will remain as executive chairman, assisting with policy engagement. Ternus, a 25-year Apple veteran, previously led hardware engineering. Apple's stock rose on the news despite broader market declines. The article notes Cook grew Apple's market cap from $350 billion to $4.6 trillion. It discusses potential ambiguity in leadership roles and highlights Apple's 2.5 billion active devices as an AI platform advantage.
Read sourceApple shares rise 2.7% as John Ternus takes over as CEO from Tim Cook
Apple shares climbed 2.7% on September 1, 2026, as John Ternus officially became CEO, succeeding Tim Cook who remains executive chairman. Ternus, previously senior VP of hardware engineering, thanked Cook in a staff email and highlighted a major product launch next week. Bank of America analysts noted Ternus faces the challenge of restoring technological surprise to Apple, expecting core business to remain unchanged but potential growth in AI at the edge, wearables, smart home automation, and robotics. BofA credited Cook with building $4.5 trillion in market cap over 15 years. Ternus is scheduled to appear at the iPhone 18 Pro launch on September 9.
Read sourceApple Stock Rises as John Ternus Takes Over as CEO, Tim Cook Becomes Chairman
Apple Inc. (NASDAQ: AAPL) stock rose 2.5% on September 1, 2026, as John Ternus officially succeeded Tim Cook as CEO, marking the first leadership change in 15 years. Cook, who replaced co-founder Steve Jobs in 2011, will remain as Executive Chairman, assisting with policy engagement. The stock's gain contrasted with broader market declines, as the S&P 500 and Nasdaq Composite fell 0.7% and 0.9% respectively. The article notes that under Cook's tenure, Apple's annual revenue grew to over $416 billion in fiscal 2025, roughly four times its sales when he began. The author expresses confidence in Apple's future, particularly regarding AI opportunities, while noting that Motley Fool's Stock Advisor team did not include Apple in its latest top 10 stock picks. The piece is a market analysis and commentary on the CEO transition and its implications for investors.
Read sourceApple's Ternus Era Begins After Tim Cook Delivers 2,300% Stock Gain
On September 1, 2026, Apple Inc. CEO Tim Cook handed over leadership to John Ternus, ending a tenure that saw Apple's stock soar 2,258% since Cook took over from Steve Jobs in August 2011. Under Cook, Apple's market capitalization grew from under $350 billion to $4.6 trillion, transforming the company into a diverse business selling iPhones, Macs, watches, AirPods, and financial services. Bloomberg News Managing Editor Mark Gurman provides analysis on what lies ahead for Ternus and the tech giant.
Read sourceApple CEO John Ternus Takes Over as Tim Cook Becomes Executive Chairman on September 1
Apple (AAPL) investors are marking September 1 as John Ternus officially succeeds Tim Cook as CEO, with Cook moving to executive chairman. Ternus, a longtime hardware engineering leader at Apple since 2001, takes the helm just ahead of Apple's September 9 product event, where the company is expected to unveil the iPhone 18 lineup and potentially its first foldable iPhone. Apple faces increasing pressure to accelerate its artificial intelligence strategy and deliver breakthrough innovation to sustain its $4.6 trillion valuation. The company reported strong fiscal Q3 2026 results on July 30, with revenue up 16.4% year-over-year to $109.4 billion and EPS rising 29% to $2.02. iPhone revenue surged 21.7% to $54.3 billion, while Services revenue grew 12.1% to $30.7 billion, falling short of expectations. Apple shares are up 18% year-to-date but sit about 7% below their 52-week high of $344.57. The stock trades at a premium of 35.91 times forward earnings.
Read sourceJohn Ternus becomes Apple CEO on first day, succeeding Tim Cook
John Ternus has officially begun his tenure as the new CEO of Apple, marking his first day in the role. He succeeds Tim Cook, becoming only the second CEO of the company since Steve Jobs departed in 2011. The transition represents a significant leadership change at one of the world's most valuable technology companies. Ternus, previously Apple's senior vice president of Hardware Engineering, takes the helm amid ongoing challenges in the global tech market, including supply chain pressures and regulatory scrutiny. The announcement was made via a CNBC report, highlighting the historic nature of the succession. Apple has not yet released an official statement regarding strategic shifts under Ternus's leadership. The move is expected to influence Apple's product roadmap and corporate direction in the coming years.
Read sourceTim Cook leaves Apple after 15 years; AI missed opportunities challenge successor John Ternus
Tim Cook has departed Apple after 15 years as CEO, having transformed the company into a larger and more profitable entity. However, his tenure is marked by missed opportunities in artificial intelligence and other emerging technologies, which now present significant challenges for his successor, John Ternus. Reuters reports that these strategic gaps will define the new leadership's agenda as Apple navigates a rapidly evolving tech landscape.
Read sourceJohn Ternus takes Apple helm amid soaring memory costs and AI strategy challenges
John Ternus officially became CEO of Apple on September 1, 2026, succeeding Tim Cook after his 15-year tenure. Ternus, a 25-year Apple veteran and former hardware chief, takes over at a critical juncture as the company faces soaring memory costs forcing price increases on consumer gadgets, and a precarious position in artificial intelligence where it has not yet fully executed its strategy. Cook remains as executive chairman, providing continuity and support. Ternus will make his public debut as CEO at Apple's annual launch event on September 9, where new iPhones and Apple Watches are expected. Analysts and consultants note that Ternus must convince shareholders, employees, and customers he can lead independently while navigating a new competitive environment. The transition has been described as thoughtful and smooth by Apple representatives.
Read sourceTim Cook Hands Apple to John Ternus: Bigger and Richer, but Catching Up in AI Race
Tim Cook is stepping down as Apple CEO after 15 years, handing the role to hardware chief John Ternus on September 1, 2026. Cook will become executive chairman. Under Cook, Apple grew from a $350 billion company to over $4.5 trillion, with annual sales rising from $108 billion to $416 billion and profit quadrupling to $112 billion. Cook's tenure was marked by operational excellence, supply chain mastery, and the creation of a services revenue machine from the iPhone user base. However, critics note missed opportunities in AI, a failed EV project, the Apple Maps debacle, and weak sales of the Vision Pro headset. Ternus faces the challenge of catching up in AI, particularly revamping Siri, while managing the ongoing shift of manufacturing out of China to India and Vietnam amid U.S.-China tensions.
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