Tim Cook states, 'John is the perfect person for this role,' as he prepares to transition to Apple CEO
Tim CookJohn TernusApple Inc.

Tim Cook states, 'John is the perfect person for this role,' as he prepares to transition to Apple CEO

Tim Cook praised John Ternus as 'the perfect person for this role' as he prepares to transition to Apple CEO. Cook expressed excitement about Ternus leading the company into its next era, following a successful earnings call that reported $109.4 billion in revenue and a $29.8 billion profit.

Mashable Mashable31 July 2026 · 02:05 UTC
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Tim Cook announced that John Ternus will succeed him as CEO of Apple, calling him 'the perfect person for this role.' Cook expressed his enthusiasm for the transition, stating, 'The transition is going seamlessly, and I am beyond excited for John to step into his new role.'123458

Ternus's leadership comes at a pivotal time for Apple, which recently reported $109.4 billion in quarterly revenue, marking a 16 percent increase year over year. Notably, $54.3 billion of this revenue was generated from iPhone sales alone, contributing to a net quarterly profit of $29.8 billion.67

Cook's final earnings call highlighted the company's strong performance and set the stage for Ternus to lead Apple into its next era. He emphasized Ternus's unique qualifications, stating, 'He is truly one of a kind, and there is no better person to take the helm of the company.' As Ternus prepares for his new role, Apple is expected to unveil significant developments, including new product releases, further solidifying its position in the tech industry.

Key Insight
“Tim Cook expressed confidence in John Ternus, stating, 'The transition is going seamlessly, and I am beyond excited for John to step into his new role.' Apple is also expected to release new products in September 2026, marking a significant debut for Ternus as CEO.”
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“This will be my final earnings call, and John will lead these calls going forward,”
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