# CEO Tim Cook will step down on Sept.

*business · news · 2026-04-23 · Barchart*

## Key points

- Tim Cook will step down as Apple CEO on Sept. 1, replaced by John Ternus.
- Apple's Q2 revenue guidance of up to $110.7 billion exceeds analysts' expectations by several percentage points.
- Apple recently partnered with Google to build future Siri versions on Gemini models and cloud technology.
- Apple acquired AI startup Q.ai for $1.6 billion in January to strengthen Siri’s capabilities.
- Apple's new M5 chip and iOS 27 will enable Siri to use third-party AI engines on-device.

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

[Read the full story on Barchart](https://www.barchart.com/story/news/1486710/should-you-sell-apple-stock-before-september-1)

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