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5mo ago

Apple Said to Ready 2026 CEO Transition With John Ternus the Leading Successor

Apple has not commented, leaving investors to gauge a sourced FT report that points to hardware chief John Ternus as the preferred internal pick.

Tim Cook
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Overview

  • The Financial Times, citing informed sources, reports Apple is preparing for a potential CEO handover in 2026, with timing still subject to change.
  • Any formal announcement is viewed as unlikely before Apple’s next earnings in early January, according to the reporting and subsequent coverage.
  • Apple’s longtime COO Jeff Williams has officially departed, and duties have been reassigned across leaders including Sabih Khan, Craig Federighi, John Ternus and Eddy Cue, with design heads continuing to report to Tim Cook.
  • Apple shares fell about 1.8% on Monday after the report before edging higher after hours, as commentators suggested the leak may have served as a market test.
  • The reported planning comes alongside strong results under Tim Cook, including an 8% revenue rise to $102.5 billion last quarter and expectations for robust holiday sales driven by the iPhone 17 lineup.