The Financial Times reports that Apple CEO Tim Cook may step down from his position in 2026. According to the publication's sources, the leading candidate to succeed him is Senior Vice President of Hardware Engineering John Ternus.
The Financial Times emphasizes that a final decision has not yet been made, and Apple may reveal the name of the new CEO after the financial report is announced in January. Leadership changes are expected at the beginning of the year, which would allow the future CEO to prepare for both the developers' conference in June and the launch of the new iPhone in September.
Apple's leadership team is undergoing changes internally. This year, Chief Financial Officer Luca Maestri left the company at the beginning of the year, and Chief Operating Officer Jeff Williams departed in the summer.
Tim Cook, now 65 years old, has been leading Apple since 2011, succeeding Steve Jobs.
During his tenure, the company's market value increased from $350 billion to $4 trillion. According to Kursiv Uzbekistan, Apple indicated its willingness to pay Google $1 billion annually for an artificial intelligence model to enhance Siri.
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