Apple is reportedly bracing itself for a leadership shake-up next year, with sources suggesting that Tim Cook could be on his way out after nearly 15 years at the helm. The Financial Times reports that Apple's top executives have been quietly preparing to identify and secure Cook's replacement, citing internal discussions about potential successors.
At 14 years into his tenure, Cook has overseen a significant expansion of the company under its services umbrella, with notable additions like Apple Arcade and Apple TV+. However, it appears that the focus is shifting towards hardware development, which may be seen as more lucrative. John Ternus, senior vice president of engineering since 2001, is reportedly poised to take over as CEO if Cook were to leave.
The Financial Times claims that while no official announcement has been made, Apple's leadership team is expected to make a move early in the year, potentially before its January earnings report. This would allow for a smooth transition and enable Ternus to prepare for any potential role changes within the company. The news comes as Apple continues to bolster its senior executive ranks, with Sabih Khan recently appointed as chief operating officer.
While Cook's departure is far from certain, it appears that his time at the top may be drawing to a close. If true, this could signal significant changes for Apple, both in terms of leadership and strategic direction.
At 14 years into his tenure, Cook has overseen a significant expansion of the company under its services umbrella, with notable additions like Apple Arcade and Apple TV+. However, it appears that the focus is shifting towards hardware development, which may be seen as more lucrative. John Ternus, senior vice president of engineering since 2001, is reportedly poised to take over as CEO if Cook were to leave.
The Financial Times claims that while no official announcement has been made, Apple's leadership team is expected to make a move early in the year, potentially before its January earnings report. This would allow for a smooth transition and enable Ternus to prepare for any potential role changes within the company. The news comes as Apple continues to bolster its senior executive ranks, with Sabih Khan recently appointed as chief operating officer.
While Cook's departure is far from certain, it appears that his time at the top may be drawing to a close. If true, this could signal significant changes for Apple, both in terms of leadership and strategic direction.