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Tim Cook could step down as CEO of Apple in 2026

Milan Jovicic by Milan Jovicic
November 15, 2025 - 06:17 CET
in Apple Rumors
0
Tim Cook, Apple CEO

Image: Shutterstock / FotoField

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Tim Cook is once again in the spotlight. After years at the helm of Apple, there are increasing indications that the CEO could be preparing to step down as early as next year. A potential leadership change is one of the most important topics in the entire Apple environment, as the company's future is closely tied to the strategic appointment of its top executive.

Tim Cook led Apple through one of the most successful periods in the company's history. Stability, a clear strategy, and strong sales figures characterized his tenure. Now it is becoming increasingly clear that Apple is actively working on its succession internally. A report in the Financial Times provides new details and clarifies how far these plans have progressed.

Apple is pushing ahead with the succession process.

The Financial Times reports that the board and executives have recently intensified succession planning for the CEO position. This process has been underway for years, but according to FT sources, it has recently been significantly accelerated.

The most likely candidate is John Ternus, Senior Vice President of Hardware Engineering. He has long been one of the key figures behind Apple's hardware strategy. However, according to the report, the decision is not yet final, and the timing of an announcement could change at any time.

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No correlation with current company performance

The report clarifies that the accelerated preparations have nothing to do with the company's current performance. Sources close to Apple emphasize that the planned transition has been in preparation for a long time and was not triggered by external developments. Apple even expects record iPhone sales by the end of the year.

It is considered unlikely that Apple will announce a new CEO before its next earnings report at the end of January. This report covers the crucial holiday quarter and is of great importance to investors and market observers.

Further changes in management

Alongside the focus on Tim Cook, there have been several significant changes in the leadership team. Just a few hours ago, Jeff Williams had his last day with the company. The former Chief Operating Officer had already handed over operational responsibilities to Sabih Khan at the beginning of the year. His remaining responsibilities have been distributed among several executives, including John Ternus.

There was also a change in the finance department. Luca Maestri, long-time Chief Financial Officer, has stepped down . His successor is Kevan Parekh, who previously served as Vice President of Financial Planning and Analysis at Apple. This move is part of the broader restructuring with which Apple is preparing for the future.

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Apple is preparing for a possible change in leadership.

Tim Cook's potential resignation would be a milestone for Apple. Recent developments show that the company is working intensively on a smooth transition. John Ternus is considered the frontrunner, but official decisions are still pending. It's clear that Apple is reorganizing its leadership and preparing early for the post-Cook era. The coming months will likely be crucial in determining how Apple shapes the next phase of its corporate history. (Image: Shutterstock / FotoField)

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Milan Jovicic

Milan Jovicic

Milan founded Apfelpatient in 2016 and has been responsible for all editorial content since 2018 – news, rumors, how-to guides and product reviews. Here, Apple devices aren't review units kept for two weeks, they're everyday tools: from iPhone to MacBook Pro, MacBook Air and iMac all the way to Apple Vision Pro, at least one device from every product category is in daily use, many of them replaced every year. Every menu path in a guide is checked on the device before it goes live.

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