Pending CEO John Ternus (left) with CEO Tim Cook (Apple image)
April 30, 2026
Following another stellar quarterly fiscal report, CEO Tim Cook, on the fiscal call, formally introduced his successor John Ternus, currently SVP of hardware engineering, to the investment community.
Ternus will replace Cook, who is becoming executive chairman of the board, on Sept. 1.
“We have an incredible roadmap ahead, and while you’re not going to get me to talk about the details of that roadmap, suffice it to say this is the most exciting time in my 25 year career at Apple to be building products and services,” Ternus told investors. “There are so many opportunities before us, and I couldn’t be more optimistic about what’s to come for now.”
While Apple remains largely a consumer electronics/tech company, the Cupertino, Calif.-based giant continues to ramp up entertainment spending, including this weekend offering exclusive Apple TV streaming access to Formula 1 auto racing at the Miami Grand Prix.
On the call, Cook welcomed future seasons of original series, including “Your Friends and Neighbors,” “Shrinking,” “For All Mankind,” and the horror-comedy “Widow’s Bay,” among others.
The company, which reportedly spends less on originals than other major SVOD streamers at upwards of $5 billion annually, also produces the espionage series “Slow Horses,” the sci-fi drama “Severance,” the workplace drama “The Morning Show,” “Silo,” “Margot’s Got Money Troubles,” “Ted Lasso,” “Criminal Record,” and “Monarch: Legacy of Monsters,” in addition to original movies Eternity, starring Elizabeth Olsen, and the crime comedy Outcome, starring Keanu Reeves.
“Apple TV has earned its place among the most-decorated names in entertainment with more than 800 wins and more than 3,400 nominations in the six years since launch,” Cook said.
Indeed, the streamer remains the only platform to win the Best Picture Oscar for CODA in 2022 — less than three years after the platform’s 2019 launch.
Apple’s F1: The Movie, starring Brad Pitt, which grossed more than $634 million worldwide, including $189.6 million across North American screens and $444.4 million internationally, remains the company’s No. 1 movie at the global box office.
The tally topped previous Apple theatrical releases, including Ridley Scott’s Oscar-nominated Napoleon ($221 million), starring Joaquin Phoenix, and Martin Scorsese’s Oscar-nominated Killers of the Flower Moon, starring Leonard DiCaprio, with $158 million.
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