# Tim Cook is stepping down as CEO of Apple on September 1.

*business · news · 2026-04-21 · TechCrunch*

## Key points

- Tim Cook will step down as Apple CEO on September 1, replaced by John Ternus.
- Apple reached a $4 trillion market value under Cook, starting from $350 billion in 2011.
- Apple transitioned all Macs to in-house Apple Silicon chips from Intel between 2020 and 2023.
- Apple committed $600 billion to U.S. expansion, its largest investment plan, announced in 2023.
- Apple launched Apple Intelligence in 2024, but AI development has faced significant delays.

**Companies:** Apple
**Countries:** United States, China

[Read the full story on TechCrunch](https://techcrunch.com/2026/04/21/apple-tim-cook-ceo-15-year-legacy-takeaways-ios-silicon-china-trillion-ai/)

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