Cook Steps Down, Ternus Takes the Helm at Apple

Tim Cook has stepped down as CEO of Apple, but he will remain on the board of directors as Executive Chairman from September 1, 2026. This transition gives investors some reassurance while they wait to see if John Ternus can lead one of the most valuable companies in the world effectively.

Apple's current trading price is near the middle of its Bollinger Band. Analysts think that further pullback to $306-$307 is possible in the short term. The next support level after that would be at $300.