FILE - APRIL 20, 2026: It was reported that John Ternus, a senior vice president of hardware engineering at Apple, is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1 of this year, April 20, 2026. SUN VALLEY, IDAHO - JULY 08: Apple CEO Tim Cook arrives at the Sun Valley lodge for the Allen & Company Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)