Ternus Takes the Helm at Apple Amid Strong Revenue Growth

Apple Inc.'s leadership has undergone a significant change with John Ternus taking over as CEO on September 1, 2026. This marks a new chapter for the company's leadership after Tim Cook stepped down from the position.

The transition comes at a time when Apple is experiencing strong valuation growth, with record June quarter revenue of $109.4 billion, up 16% year over year, and diluted EPS up 29%. The company's market capitalization has surpassed $5 trillion, making it one of only two publicly traded companies to reach this level.

Despite the leadership change, Apple stock is trading in a bullish trend, with intraday buying strength and projected price targets ranging from $317.27 to $332.97 over the next 2-3 days.