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This Apple doesn’t fall far from the tree: Tim Cook is leaving at a peak and John Ternus is exactly the right CEO for the AI era

The market’s muted reaction to Apple’s leadership handoff is shortsighted. Cook’s deliberate, Steve Jobs–approved succession puts Apple ahead of AI rivals.

By Jeffrey Sonnenfeld and Steven TianApril 20, 2026
Fermi Inc. cofounders Toby Neugebauer, left, and former Texas Gov. Rick Perry, right, mark their Nasdaq IPO in early October for their AI power company plans.
Struggling AI power startup Fermi loses its CEO and CFO for ‘2.0’ reset
By Jordan BlumApril 20, 2026
John Ternus stands in front of an Apple Store
Meet John Ternus, the 51-year-old former swimming champ who will succeed Tim Cook as Apple CEO
By Dave Smith and Fortune EditorsApril 20, 2026
Nvidia CEO Jensen Huang
Nvidia’s Jensen Huang says AI assistants will act more like overbearing managers rather than job destroyers: ‘They’ll be micromanaging you’
By Emma BurleighApril 20, 2026
Apple CEO Tim Cook is stepping down, and hardware boss John Ternus will be new CEO
Apple CEO Tim Cook is stepping down, and hardware boss John Ternus will be new CEO
By Alexei OreskovicApril 20, 2026
Ford CEO says Tesla doesn’t have an ‘updated vehicle,’ and now he’s pivoting to catch up with his real competitor: China’s BYD
Ford CEO says Tesla doesn’t have an ‘updated vehicle,’ and now he’s pivoting to catch up with his real competitor: China’s BYD
By Marco Quiroz-GutierrezApril 20, 2026
Latest Stories
trump
PoliticsTrump insists there’s no pressure to end the war in Iran that he started, but ‘it will all happen, relatively quickly!’
By Aamer Madhani, Munir Ahmed, Russ Bynum and The Associated PressApril 20, 2026
Labor Secretary Lori Chavez-DeRemer leaves Trump’s Cabinet after allegations of having an affair with a subordinate and drinking on the job
PoliticsLabor Secretary Lori Chavez-DeRemer leaves Trump’s Cabinet after allegations of having an affair with a subordinate and drinking on the job
By Seung Min Kim and The Associated PressApril 20, 2026
Jeff Bezos’ Blue Origin grounds New Glenn rocket after a bad engine put a satellite in the wrong orbit
InnovationJeff Bezos’ Blue Origin grounds New Glenn rocket after a bad engine put a satellite in the wrong orbit
By Marcia Dunn and The Associated PressApril 20, 2026
Nike’s ‘Walkers Tolerated’ sign at the Boston Marathon was meant to fire up runners. Instead, it insulted them
RetailNike’s ‘Walkers Tolerated’ sign at the Boston Marathon was meant to fire up runners. Instead, it insulted them
By Phil WahbaApril 20, 2026
‘Tethered to a galaxy far, far away’: Former diplomats doubt Trump’s Iran talks can deliver in final 48 hours
Politics‘Tethered to a galaxy far, far away’: Former diplomats doubt Trump’s Iran talks can deliver in final 48 hours
By Eva RoytburgApril 20, 2026
Scott Bessent, standing in front on an American flag, puts one hand up as he talks.
Law$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
By Sasha RogelbergApril 20, 2026
White House–backed USA Rare Earth makes $3 billion acquisition in South America to combat Chinese dominance
EnergyWhite House–backed USA Rare Earth makes $3 billion acquisition in South America to combat Chinese dominance
By Jordan BlumApril 20, 2026
Photo of Alex Karp
PoliticsPalantir wants to bring back the draft just as the Selective Service preps for automatic registration
By Catherina GioinoApril 20, 2026
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Most Popular
Energy
Markets shudder as Strait of Hormuz starts resembling a combat zone. 'We're prepared to subject you to disabling fire'placeholder alt text
By Jason MaApril 19, 2026
AI
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years agoplaceholder alt text
By Sasha RogelbergApril 19, 2026
Economy
The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warnsplaceholder alt text
By Jason MaApril 19, 2026
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