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Tim Cook to Step Down as Apple CEO Sept. 1, 2026

8/20/2026

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Story summary
  • Tim Cook will step down as Apple CEO on Sept. 1, 2026, becoming executive chairman.
  • John Ternus, Apple’s hardware chief, will assume the CEO role on Sept. 1, 2026.
  • In fiscal 2026 Q3, Apple reported $109.42 billion revenue, $2.02 EPS, $11.8 billion dividends, and $62.1 billion stock buybacks.
  • Analysts say Ternus may pursue aggressive AI, new product form-factors, and shift cash from shareholder returns.