# Tim Cook will step down as CEO and transition into executive chairman.

*genai · news · 2026-04-27 · Barchart*

## Key points

- Tim Cook will step down as Apple CEO, succeeded by John Ternus on September 1, 2026.
- Apple's 2026 stock performance lags Nasdaq despite 16% YoY revenue growth and 19% EPS increase.
- John Ternus, Apple's new CEO, is a 20-year company veteran specializing in hardware engineering.
- Apple's cautious approach to AI integration starkly contrasts with aggressive AI platform moves by Microsoft and Alphabet.
- Siri's lagging capabilities versus AI-driven assistants highlight Apple's innovation gap in artificial intelligence.

**Companies:** Apple, Microsoft, Alphabet
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1540837/apple-is-falling-behind-in-ai-will-a-new-ceo-revive-apple-stock)

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