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Tim Cook Exits as Apple CEO, Handing Over Reins to John Ternus

Guavy AI Editorial Team
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AAPL
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Apple's Tim Cook is stepping down as CEO after leaving behind a $416 billion revenue legacy and strong customer loyalty. He will hand over leadership to John Ternus while becoming executive chairman. Under Cook, Apple transformed into a company whose products are seen as personal companions, driving a valuation premium akin to software firms.

The company reported $109.42 billion in Q3 2026 revenue and has over 2.5 billion active devices, fueling high-margin service revenues. The market remains confident in Apple's brand and future, with a consensus price target above current levels, signaling optimism for the new CEO's tenure.

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