Apple said Senior Vice President of Hardware Engineering John Ternus will take over as chief executive officer on Sept. 1, 2026, succeeding Tim Cook. Cook will move into the role of executive chair of Apple’s board and will continue to assist with company affairs. The leadership transition marks the end of Cook’s tenure as CEO, a period that began in 2011. During that time, Apple’s total stock return was about 2,740%, while the company’s market capitalization grew to roughly $4.63 trillion. Apple’s latest earnings report also showed that third-quarter research and development spending rose 32% year over year to $11.7 billion, with investment focused on artificial intelligence.
According to BlockBeats, Apple Senior Vice President of Hardware Engineering John Ternus will succeed Tim Cook as chief executive officer on Sept. 1, 2026.
Cook will become executive chair of Apple’s board and will continue assisting with company affairs. Since taking charge of Apple in 2011, Cook has overseen a period in which the company’s total stock return reached about 2,740%, and its market capitalization climbed to about $4.63 trillion.
Apple’s latest earnings report also showed third-quarter research and development spending increased 32% year over year to $11.7 billion, with a focus on artificial intelligence.
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