Apple CEO Tim Prepare dinner: US tech large Apple’s Senior Vice-President of {hardware} engineering, John Ternus, is seen inside the corporate as a number one contender to succeed Chief Govt Tim Prepare dinner, who is ready to step down in early 2026, a report stated on Saturday.
Apple’s board and senior leaders have accelerated its succession plans and elevated give attention to a easy management transition as the corporate prepares for Tim Prepare dinner’s resignation after 14 years on the helm of the $4 trillion tech large, the report from Monetary Occasions stated, including that no remaining determination has been made.
If appointed, Apple would get a hardware-focused chief in Ternus when it seeks enlargement into new product classes to maintain tempo with Silicon Valley opponents in AI. The transfer shouldn’t be tied to Apple’s present efficiency, as the corporate expects a robust 12 months‑finish gross sales season, notably for the iPhone.
Apple is unlikely to nominate a brand new CEO earlier than its earnings report in late January, the report stated. It famous that the corporate would permit the successor time to settle forward of the Worldwide Builders Convention in June and the iPhone launch in September.
Prepare dinner, who turned 65 this month, grew to become Apple’s CEO in 2011 after co-founder Steve Jobs handed away. Beneath his management, Apple’s market worth grew from round $350 billion in 2011 to $4 trillion. Apple’s inventory nears a file excessive with a 12 % annual acquire following sturdy outcomes final month. However Apple’s positive aspects path US rivals like Alphabet, Nvidia, and Microsoft, which have soared amid investor enthusiasm for synthetic intelligence.
Apple recorded its highest-ever quarterly shipments in India within the third quarter of 2025 (Q3 2025), reaching 5 million items and securing the fourth place out there for the primary time.