This web page was created programmatically, to learn the article in its authentic location you possibly can go to the hyperlink bellow: https://www.latimes.com/business/story/2026-04-22/apples-next-era-after-tim-cooks-dream-run-new-ceo-has-to-help-company-catch-upand if you wish to take away this text from our website please contact us [ad_1] Tim Cook had so much to show when Apple co-founder Steve Jobs handed over the reins as chief govt almost 15 years in the past.Jobs was referred to as a inventive visionary, a fiery innovator who launched the iPhone and different iconic merchandise. While some naysayers doubted Cook might carry the model ahead, he has confirmed them mistaken, main the corporate on an unprecedented development spurt. Now Cook’s successor, John Ternus, Apple’s senior vice chairman of {hardware} engineering, is ready to take over the chief govt position on Sept. 1. Analysts say he additionally has massive sneakers to fill as the corporate embarks on a brand new period. John Ternus, Apple’s senior vice chairman of {hardware} engineering, speaks at an occasion in New York on March 4. He is ready to take over as the corporate’s chief govt on Sept. 1. (Adam Gray / Bloomberg through Getty Images) The transition to a frontrunner whom many say is just like Cook marks each continuity and alter for the tech titan. While Apple must proceed to reliably and profitably construct merchandise that folks all over the world will purchase, it should additionally innovate and embrace transition to keep up its management place in shopper tech in a world more and more powered by synthetic intelligence. The firm has lengthy been outlined by distinct eras of management, together with Jobs’ product-driven revolution and Cook’s operational self-discipline and companies focus. Ternus is inheriting a large enterprise, finely-tuned to please die-hard followers. He must resolve whether or not the subsequent stage of development might be extra of the identical or a return to bolder bets, analysts say.“He must resist the temptation of incrementalism that has plagued Apple of late,” stated Dipanjan Chatterjee, vice chairman and principal analyst at Forrester. “As Ternus assumes the helm, he must define Apple’s future as ferociously as he defends its past.” Under Cook’s management, Apple’s market capitalization grew from roughly $350 billion to $4 trillion. Its income ballooned from $108 billion in 2011 to greater than $416 billion in 2025. Apple expanded its enterprise and supplied new companies, changing into intertwined with health, funds and leisure. The firm opened a sprawling ring-shaped headquarters in Cupertino, Calif., and employs roughly 166,000 staff.With greater than 2.5 billion energetic Apple gadgets globally, the smartphone maker has garnered a loyal fan base. Cook navigated Apple by the corporate’s tensions with China, the rise of video streaming companies, tariffs, antitrust lawsuits and extra. The firm confronted complaints about Apple Maps and deserted an electrical automobile undertaking. Pricey gadgets such because the Apple Vision Pro, a headset that blends the digital and bodily world so individuals can watch movies, play video games, work and do different duties, did not turn out to be mainstream.One of the most important current issues for some traders is that Apple has lagged behind its rivals, reminiscent of OpenAI and Google, relating to advancing synthetic intelligence. The firm is reportedly engaged on sensible glasses and foldable telephones, however some skeptics wonder if Apple has misplaced its revolutionary edge. “There have been products that have had a huge impact — from Apple Watch to even the AirPods — but in a lot of people’s minds, because of their revenue, because of how much the iPhone represented the new app economy, there wasn’t something like that that Cook brought with him,” stated Carolina Milanesi, principal analyst with the analysis agency Creative Strategies.After he steps down, Cook, 65, will turn out to be govt chairman of Apple’s board of administrators. Born in Alabama, Cook joined Apple in 1998 as senior vice chairman for worldwide operations. Leaving his position at Compaq — the most important private pc firm at the moment — to work at Apple was dangerous due to the corporate’s monetary struggles. Joining Apple gave Cook a way of objective. But when Jobs was dying and informed him that he needed him to turn out to be the subsequent chief govt, Cook requested him if he was certain concerning the resolution.“His advice to me was never ask what I would do, just do the right thing,” Cook stated in an interview with CBS News’ “Sunday Morning” forward of Apple’s fiftieth anniversary in April.As chief govt, Cook charted his personal path. Apple turned extra concerned in philanthropy, social duty and environmental efforts. He made historical past as the primary out homosexual chief govt of a Fortune 500 firm, writing about his sexuality in a 2014 essay for Bloomberg Businessweek. Being homosexual gave him a way of what it’s prefer to be within the minority, made him extra empathetic and assured to be himself.“It’s also given me the skin of a rhinoceros, which comes in handy when you’re the CEO of Apple,” he wrote within the essay. Apple CEO Tim Cook, third from left, walks to the Eisenhower Executive Office Building close to the White House in September. (Eric Lee / Bloomberg / Getty Images) Cook has weathered quite a lot of challenges after greater than a decade as chief govt, together with complaints about poor labor situations at Chinese factories the place staff make Apple merchandise. More just lately, throughout President Trump’s second administration, he navigated tariff threats to broaden Apple’s provide chain in India as geopolitical tensions with China and different nations escalated.His relationship with Trump gave the impression to be again on observe after Apple introduced in 2025 that it could make investments $600 billion over 4 years throughout the United States.On Tuesday, Trump praised Cook, calling him an “incredible guy.”“I have always been a big fan of Tim Cook, and likewise, Steve Jobs, but if Steve was not taken from the Planet Earth so young, and ran the company instead of Tim, the company would have done well, but nowhere near as well as it has under Tim,” Trump wrote in a publish on Truth Social.Cook’s scheduled successor, Ternus, has spent a long time at Apple and helped lead its unprecedented run largely behind the scenes. He rose to steer the corporate’s huge {hardware} operation. A mechanical engineer by coaching, he performed a central position in main shifts such because the Mac’s transition to Apple-designed chips. He has reportedly constructed a status as a profession Apple insider who's decisive, collaborative and adept at navigating the corporate’s tradition. Colleagues describe him as a frontrunner who cuts by forms and works properly with engineers to satisfy deadlines.“John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor,” Cook stated in a press release. “He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future.” Perhaps the most important problem forward for Apple is to construct a category-defining product that it hasn’t been in a position to do in years. Before becoming a member of Apple, Ternus labored as a mechanical engineer at Virtual Research Systems. He graduated from the University of Pennsylvania with a bachelor’s diploma in mechanical engineering and in addition competed on the college’s males’s varsity swimming group. Before Ternus rose up the ranks at Apple, he additionally labored on the corporate’s product design group. Apple pointed to Ternus’ position in bettering the Apple AirPods, Mac, iPhone and different gadgets. Optimists hope Ternus’ intensive insider data of the corporate and engineering background will make him a really perfect chief for Apple’s subsequent stage of development. Jacob Bourne, a know-how analyst at EMarketer, stated that with new management comes the chance for “fresh solutions.”“Ternus’ hardware engineering background signals that Apple’s commitment to consumer hardware isn’t going anywhere, even as the company works to close the gap on AI,” Bourne stated.On Tuesday, Apple’s share value fell round 3% to $266.17. [ad_2] This web page was created programmatically, to learn the article in its authentic location you possibly can go to the hyperlink bellow: https://www.latimes.com/business/story/2026-04-22/apples-next-era-after-tim-cooks-dream-run-new-ceo-has-to-help-company-catch-upand if you wish to take away this text from our website please contact us