On 1 September 2026, Apple formally announced Tim Cook (ティム・クック) as executive chairman and John Ternus (ジョン・ターナス), formerly head of hardware engineering, as its new CEO. Investors will be watching for growth driven by the integration of hardware innovation and AI under the new leadership team.
Apple announced on 1 September 2026 that Tim Cook (ティム・クック) had become executive chairman and that John Ternus (ジョン・ターナス), formerly head of hardware engineering, had become CEO. Ternus is also joining the company's board and is expected to lead hardware innovation.
During Cook's tenure, revenue grew from $108 billion in fiscal 2011 to more than $416 billion in fiscal 2025, while market capitalization increased from approximately $350 billion to more than $4 trillion. The continued adoption of the Apple Watch and AirPods, together with sustained growth in services such as Apple Pay and Apple Music, has helped the services business reach more than $100 billion in annual revenue on its own.
In the latest results, for the fiscal year ending in June 2026, revenue rose 16.4% year on year to $109.42 billion, net income was $29.79 billion and diluted EPS was $2.02. iPhone revenue reached $54.25 billion, while services revenue reached $30.74 billion. These figures indicate that the new leadership will inherit substantial cash flow and a stable supply chain.
Ternus's background as the new CEO suggests that he may drive innovation in hardware areas such as foldable devices and smart glasses. At the same time, the company faces challenges including delays in generative AI and reliance on external parties. Some view how Apple incorporates AI into its device experiences as key to future growth.