Cook will become executive chairman on September 1, guiding Apple's dealings with policymakers amid tense relations between its home market
Apple has scheduled 'Surprise and shine' event for September 9, where the company is likely to launch iPhone 18 Pro series, along with its first foldable iPhone, which could be called the iPhone Ultra
Cook's 15-year tenure saw Apple's market value grow from less than $350 billion to $4.6 trillion, with shares gaining 2,275% since he became CEO
The new CEO will be paid a $3 million annual base salary moving forward and receive a stock grant with a target value of $55 million next year
Cook, who succeeded Steve Jobs in 2011, will become Apple's executive chairman and continue working with governments including those of the US and China
It gave up work on creating an Apple-branded electric vehicle - a decade-long effort called Project Titan - in 2024, even though it poured cash into the project and recruited aggressively
Tim Cook is stepping down as Apple CEO after nearly 15 years, leaving John Ternus to lead the company into its next chapter
Bailey, who has been vice president of Apple Pay since its launch in 2014, is exiting in October
CEO-designate John Ternus has rehired former hardware engineering vice president Laura Legros as he begins reshaping Apple's leadership ahead of taking charge next month
Apple Inc management warned that supply constraints would intensify significantly from the June quarter.
Bipartisan lawmakers warn Apple against sourcing memory chips from CXMT and YMTC, citing national security concerns over reliance on Chinese suppliers
EU regulators and Apple traded barbs last month over competition rules that the US company says have stopped it releasing its upgraded assistant Siri AI in the bloc
The iPhone maker is seeking to buy memory components from ChangXin Memory Technologies Inc. and Yangtze Memory Technologies Co. for use in devices sold in China
With Tim Cook confirming that component cost increases can no longer be absorbed, analysts flag Apple's feeder portfolio - the iPhone E, MacBook Neo, and iPad Air - as the most vulnerable
Apple is reportedly on track to release its first foldable iPhone in September, alongside the iPhone 18 Pro and Pro Max
Apple bets big on India's rising middle class as strong iPhone sales and exports make the country a key growth and manufacturing hub
Apple Chief Executive Officer Tim Cook has said he is "over the moon excited" about India, characterising the country's market as a "huge opportunity" for the tech giant. "Yes. I think it's a huge opportunity for us. We've been focused on this for a while. It's the second largest smartphone market in the world and the third largest PC market," Cook said at Apple's second quarter 2026 earnings call on Thursday. Cook's remarks came to a question about his outlook on the Indian market and the overall opportunity it offers. He also acknowledged that the tech giant still has a "modest share" in India despite doing "extremely well" in the country for quite some time. Tim also discussed India's rising middle class, the potential it has and said since most customers across all our product lines are new to the brand, it's a perfect environment for us to grow. " Net-net, I'm over the moon excited about India," he added. Apple saw its quarterly revenue climb 17 per cent to USD 111.2 billion
Apple's long-time CEO Tim Cook is set to step down after 15 years at the helm. John Ternus has been named the next CEO who is set to take over from September 1, 2026
Tim Cook ushered Apple into its most profitable era. His strategic approach, market pragmatism, and risk appetite pushed the company's market value to $4 trillion during his tenure
As Tim Cook steps down after 15 years, John Ternus inherits a more mature Apple shaped by services growth, rising R&D focus, and India's expanding iPhone market