Tim Cook to step down as Apple CEO, handing reins to firm’s hardware leader

Tim Cook, Apple's CEO, will step down on September 1, ending his almost 15-year leadership. During his tenure, Apple's market value increased significantly, driven by the success of the iPhone.

A AgenciesSouth China Morning PostFiled 2026-04-20 · 21:36 GMTLean · Center-RightRead · 1 min

Tim Cook to step down as Apple CEO, handing reins to firm’s hardware leader

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Tim Cook, Apple's CEO, will step down on September 1, ending his almost 15-year leadership. During his tenure, Apple's market value increased significantly, driven by the success of the iPhone. Cook, age 65, will transition to the role of executive chairman, remaining involved with the company. John Ternus, Apple's head of hardware engineering, will assume the CEO position. This transition mirrors similar moves made by Jeff Bezos at Amazon and Reed Hastings at Netflix after their successful CEO tenures. The change marks a significant shift in leadership for the Cupertino, California-based technology giant.

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Cook will remain involved as executive chairman.

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John Ternus will become Apple CEO on September 1.

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Cook's reign saw Apple's market value soar by more than US$3.6 trillion.

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Tim Cook is stepping down as Apple CEO.

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Full report

1 min read · 93 words

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a nearly 15-year reign that saw the company’s market value soar by more than US$3.6 trillion during an iPhone-fuelled era of prosperity.Cook, 65, will turn the CEO duties over to Apple’s head of hardware engineering, John Ternus, on September 1 while remaining involved with the Cupertino, California, company as executive chairman.That is similar to the transitions made by Amazon’s Jeff Bezos and Netflix’s Reed Hastings after they ended their highly successful tenures as CEO.

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