# Tim Cook will be stepping down as Apple's CEO in September.

*business · news · 2026-04-26 · TechCrunch*

## Key points

- Tim Cook will step down as Apple CEO in September but remain as executive chairman.
- Incoming CEO John Ternus is regarded as a product-focused leader, unlike operations-driven Cook.
- Apple reportedly has over $45 billion cash on hand for potential acquisitions or big bets.
- Apple's App Store has recently experienced significant increases in installs and new releases.
- Apple's lack of leadership in AI remains a strategic concern amid industry transformation.

**Companies:** Apple
**Countries:** United States

[Read the full story on TechCrunch](https://techcrunch.com/2026/04/26/what-tim-cook-built/)

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