While the report said that Apple is unlikely to name a new CEO before its next earnings report in late January, it went on to explain that an announcement early in the year would allow for a smooth leadership transition, ahead of Apple's annual developers conference WWDC in June and iPhone event in September.
However, Bloomberg's Mark Gurman said he would be "shocked" if Cook steps down between late January and June next year.
"Based on everything I've learned in recent weeks, I don't believe a departure by the middle of next year is likely," said Gurman, in his Power On newsletter today. "In fact, I would be shocked if Cook steps down in the time frame outlined by the FT."
There have been "few signs internally" that Cook is about to step down, he added.
Gurman described the Financial Times report as "premature" and "simply false."
Apple's Senior Vice President of Hardware Engineering, John Ternus, is widely viewed as Cook's most likely successor whenever the time comes.
Cook, who turned 65 this year, has been Apple's CEO since August 2011.
Apple CEO Tim Cook and incoming CEO John Ternus are attending this year's Sun Valley Conference, according to Forbes.
Allen & Co., the boutique investment firm behind the event, uses the conference as an annual excuse to put media, tech, and finance leaders in the same rooms for a week of closed-door talks at the Sun Valley Lodge. This year's event began on July 7 and is expected to run...
Tim Cook will participate in his final Apple earnings call as the company's CEO today. The call begins at 2 p.m. Pacific Time / 5 p.m. Eastern Time.
Cook and CFO Kevan Parekh will discuss Apple's earnings results for the second quarter of the 2026 calendar year on the live-streamed conference call. While the call is primarily intended for Apple shareholders and Wall Street analysts, anyone...
Apple CEO Tim Cook today confirmed that today's call was his last as CEO, with John Ternus set to become Apple's new CEO on September 1. Cook will transition to a new role as executive chairman when Ternus becomes CEO.
I just wanted to take a moment to say thank you to all of you, from our shareholders, particularly our long-term shareholders who have put their trust in us for so many years, ...
Apple has thrived under Tim Cook's leadership, an incredible track record of profitability and growth, averaging 18% annual market cap growth since 2011 when he took on the role. First $1 trillion dollar market cap company, first $3 trillion market cap... I wonder how the market will react when he eventually steps down? And how Macrumors will react :D:D ??
Apple has thrived under Tim Cook's leadership, an incredible track record of profitability and growth, averaging 18% annual market cap growth since 2011 when he took on the role. First $1 trillion dollar market cap company, first $3 trillion market cap... I wonder how the market will react when he eventually steps down? And how Macrumors will react :D:D ??
Yeah, Cook’s track record is insane, 18% annual market-cap growth, first $1T company, first $3T company. No question he’s one of the best operators in business history, and when he steps down the market (and MacRumors) will absolutely lose its mind. But the real question is what has Tim Cook actually done for Apple from an innovation standpoint?
Yes, he oversaw AirPods which basically created the entire true-wireless category and became a massive cultural hit. Huge win. But beyond that, where’s the next iPhone-level product? The next paradigm shift?
Financially he’s crushed it. Operationally he’s unmatched, but in terms of meaningful, era-defining innovation, what’s the big one under Cook?
Apple's first foldable iPhone, with a book-style design featuring a ~5.5-inch outer display and a ~7.8-inch inner display with a minimal crease down the middle.
