Apple Plans Major Leadership Overhaul with CEO Tim Cook Succession

Apple is preparing for a major leadership transition, with CEO Tim Cook expected to step down and John Ternus, the senior vice president of hardware engineering, emerging as the leading candidate to succeed him. Several longtime executives, including COO Jeff Williams and CFO Luca Maestri, have recently departed or plan to retire, signaling a broad reshuffling of the company's top leadership. The company is also reevaluating its AI division amid internal challenges, with John Giannandrea's future uncertain and the potential recruitment of external AI leaders from companies like Meta. Despite these changes, Apple remains financially strong, boasting a market capitalization near $3.4 trillion and steady revenue growth. Analysts note that the shift may mark a move toward a more technology-focused CEO, reflecting Apple's evolving product-driven strategy. Tim Cook may continue to influence the company as chair of the board, guiding long-term strategy while new leadership manages daily operations.