Apple CEO Tim Cook makes final earnings call before handing reins to John Ternus

Tim Cook, who has led Apple for almost 15 years, delivered his last earnings briefing after the company released its fiscal third‑quarter 2026 results. In the conference call he thanked long‑term shareholders and analysts and confirmed that he will step down on 1 September, moving to the role of executive chairman of the board. John Ternus, previously senior vice president of hardware engineering, will assume the chief‑executive position.

Cook highlighted Apple’s continued growth, mentioning strong iPhone sales, rising memory‑chip costs, the rollout of Apple Intelligence and the new Apple Upgrade program. He expressed confidence in Ternus’s leadership and the company’s team, describing the transition as smooth and optimistic about Apple’s future under the new CEO.