A recent Financial Times report stated that Tim Cook is preparing to step down as CEO of Apple 1.97% as early as the first half of 2026, with John Ternus positioned as the likely successor. However, just a week later, Mark Gurman at Bloomberg countered those claims, explaining that Cook’s departure is far from certain. According to Gurman, it is highly unlikely that Cook would retire in the first half of 2026, suggesting that while a succession plan is probably in place, Cook will remain Apple’s leader for at least another eight months.
Gurman further notes that the Financial Times report may be inaccurate, leaving open the possibility that Cook could stay on as CEO beyond 2026. Given that Cook is now 65 and Apple is performing exceptionally well—with its stock trading at record highs—there is no urgent reason for him to step down. The speculation surrounding his retirement is understandable, but the current momentum of the company seems to support his continued leadership.
Regarding succession, Bloomberg confirms Apple will likely turn to John Ternus. Ternus is a veteran at Apple, having led the transition from Intel processors to Apple silicon and played a central role in developing major hardware products like the iPhone, iPad, and AirPods. Though not a household name, Ternus is familiar to anyone who follows Apple’s major events and is recognized internally as both methodical and well-liked, with a strong focus on product design.
One reason Cook may remain CEO longer is his adept handling of complex economic and political dynamics, specifically under U.S. President Donald Trump. Cook successfully managed to secure a tariff exemption for Apple products, avoiding substantial increases in iPhone prices that could have hurt the company’s bottom line. His close relationship with policymakers, as highlighted by former Commerce Secretary Wilbur Ross, has been crucial in protecting Apple during a turbulent period for international trade and technology.
In summary, while transitions are being discussed, the timing of Cook’s retirement remains uncertain, and the company appears poised for stability regardless of when the change occurs.
