Tim Cook to step down as Apple CEO
Apple CEO Tim Cook will become executive chairman of the company's board of directors, and John Ternus, Senior Vice President of Hardware Engineering, has been appointed to his position. This is stated in the company's press release on April 20.
"Apple has announced that Tim Cook will become executive chairman of Apple's board of directors, and John Ternus, Senior vice president of Hardware Engineering, will become Apple's next CEO effective September 1, 2026. This transfer of authority, which was unanimously approved by the board of directors, is the result of careful long—term succession planning," the publication says.
On April 10, Reuters reported that Apple became the world leader in smartphone shipments in the first quarter of 2026. As reported in the publication, Apple led the smartphone market for the first time in the first quarter with a share of 21%. The report clarifies that Samsung, a South Korean company, took the second place with an indicator of 20%, and Xiaomi, whose smartphone shipments accounted for 13% of the entire market, took the third place.
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