iPhone 18 launch and other small but important things that Apple’s outgoing CEO Tim Cook’s letter to employees tells
Publish Date: 2026-04-24 22:33:00
Source Domain: timesofindia.indiatimes.com
Apple CEO Tim Cook this week announced his decision to step down as Apple CEO and that John Ternus will be taking over. The announcement is a huge shift for Apple as Tim Cook has been CEO of Apple since taking over for Steve Jobs in 2011. During Cook’s tenure as CEO, Apple has grown its market capitalization from just under $350 billion to today’s $4 trillion valuation. Industry experts have long speculated that the 51-year-old Ternus would become Cook’s eventual successor. When Ternus takes the reins this September, he will become the company’s eighth CEO. Apple says Tim Cook will become executive chairman of the board. Ternus, who was previously hardware engineering chief, will be replaced by Johny Srouji in an expanded capacity and Tom Marieb more directly.
Apple will launch iPhone 18 series under new CEO John Ternus
As announced in Tim Cook’s memo to Apple employees and in the company’s 8-K filing made to the SEC that John Ternus will take over as Apple CEO from September 1. Apple traditionally launches new iPhones in the second week of September, this means that the company will be launching iPhone 18 series under the leadership of the new CEO Ternus. Here’s what Apple’s 8-K filing to SEC reads: “On April 20, 2026, Apple Inc. (“Apple”) announced that Tim Cook will transition from his role as Chief Executive Officer to Executive Chair of Apple’s Board of Directors (the “Board”), effective September 1, 2026 (the “Transition Date”). On April 17, 2026, the Board appointed John Ternus, Apple’s Senior Vice President of Hardware Engineering, as Chief Executive Officer and a member of the Board, in each case effective on the Transition Date. Art Levinson, current Chair of the Board, will become Lead Independent Director on the Transition Date.”Tim Cook oversaw every iPhone release since the iPhone 4S, the introduction of Apple Watch, AirPods, Apple Pay, Apple Vision Pro, and the Mac’s transition from Intel to Apple silicon.
