Key News Highlights
Tim Cook will step down as CEO of Apple on July 30, 2026, transitioning to the role of executive chairman. John Ternus, the current senior VP of Hardware Engineering, will succeed him. This change marks the end of Cook’s leadership since 2011.
In its upcoming third-quarter fiscal report, Apple is expected to report revenue growth between 14% and 17%. The iPhone 17 has contributed significantly to this growth, although supply constraints may impact results. Apple has seen a return to double-digit year-over-year revenue growth, with expectations of maintaining its momentum through new product launches and an expanding services segment.
Investors will be closely watching whether Apple can achieve record active devices and predict mid-teens revenue growth for the fourth quarter, which would reflect the ongoing health of the business.
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