John Ternus takes over as Apple CEO, replacing Tim Cook

In early September 2026, John Ternus became the new CEO of Apple, succeeding Tim Cook. Ternus, previously Apple's hardware chief, steps in as the company focuses on AI and foldable devices. Apple has set his pay target at $58 million, while Cook, who remains in a role, has a target of $47 million. Cook honored Steve Jobs as he handed over the helm.