Apple CEO Tim Cook will hand over the reins to John Ternus on September 1, 2026. Cook's 15-year tenure saw Apple's share price rise 2,230% and total return reach 2,680%, turning a $10,000 investment into $278,250. Revenue grew 330% and gross profit 410%, with the company recently reporting its strongest June quarter ever at $109 billion. Ternus, currently head of hardware engineering, inherits a financial juggernaut but faces challenges in AI, where Apple Intelligence and an AI-powered Siri upgrade faced delays, and the company turned to Alphabet's Google Gemini for core foundational models.
Apple Inc.CEO transition to John Ternus; impact unclear, faces AI challenges.
Alphabet Inc Class CApple uses Google Gemini for AI models, benefiting Alphabet.
Applovin Corp
NVIDIA Corporation