Apple is reportedly fast-tracking its long-term succession strategy as speculation grows around the future of chief executive Tim Cook. According to a report by The Financial Times, the 65-year-old leader—who has guided Apple since succeeding Steve Jobs in 2011—may consider stepping down as early as next year.
The publication notes that Apple’s board and top executives have recently intensified discussions around leadership transition, aiming to ensure stability and continuity at the world’s most valuable technology company.
Among the potential successors, John Ternus, Apple’s senior vice president of hardware engineering, is widely viewed as the frontrunner. Ternus, 50, oversees development across Apple’s flagship product lines, including the iPhone, Mac, and iPad. His elevation to the executive team in 2021 was seen by analysts as a strategic move positioning him for the top role. A two-decade veteran of the company, Ternus has played a pivotal role in shaping Apple’s hardware innovations.
Tim Cook’s 14-year tenure has delivered unprecedented financial growth, cementing Apple’s leadership in the global tech industry. The ongoing succession efforts highlight the company’s focus on long-term planning as it prepares for its next era.
While the exact timeline remains undisclosed, industry observers believe Apple is unlikely to make any leadership announcements before releasing its first-quarter earnings report in late January—covering the key holiday sales period.
Apple has not issued an official statement regarding the growing speculation around its leadership transition.
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