Market
Tim Cook will step down as Apple CEO and hand reins over to the iPhone maker's hardware leader
YahooApr 20, 2026
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 companyâs market value soar by more than $3.6 trillion during an iPhone-fueled era of prosperity. Cook, 65, will turn the CEO duties over to Appleâs head of hardware engineering, John Ternus, on Sept. 1 while remaining involved with the Cupertino, California, company as executive chairman. âIt has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company," Cook said in a statement.
