\n\t\t\t\t\t\t\t\tPending CEO John Ternus (left) with CEO Tim Cook (Apple image)\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
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Erik Gruenwedel<\/a><\/p>\n April 30, 2026<\/p>\n \t<\/p>\n 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.<\/p>\n Ternus will replace Cook, who is becoming executive chairman of the board, on Sept. 1.<\/p>\n \u201cWe have an incredible roadmap ahead, and while you\u2019re 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,\u201d Ternus told investors. \u201cThere are so many opportunities before us, and I couldn\u2019t be more optimistic about what\u2019s to come for now.\u201d<\/p>\n 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.<\/p>\n On the call, Cook welcomed future seasons of original series, including \u201cYour Friends and Neighbors,\u201d \u201cShrinking,\u201d \u201cFor All Mankind,\u201d and the horror-comedy \u201cWidow\u2019s Bay,\u201d among others.<\/p>\n The company, which reportedly spends less on originals than other major SVOD streamers at upwards of $5 billion annually, also produces the espionage series \u201cSlow Horses,\u201d the sci-fi drama \u201cSeverance,\u201d the workplace drama \u201cThe Morning Show,\u201d \u201cSilo,\u201d \u201cMargot\u2019s Got Money Troubles,\u201d \u201cTed Lasso,\u201d \u201cCriminal Record,\u201d and \u201cMonarch: Legacy of Monsters,\u201d in addition to original movies Eternity<\/em>, starring Elizabeth Olsen, and the crime comedy Outcome<\/em>, starring Keanu Reeves.<\/p>\n \u201cApple 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,\u201d Cook said.<\/p>\n Indeed, the streamer remains the only platform to win the Best Picture Oscar for CODA<\/em> in 2022 \u2014 less than three years after the platform\u2019s 2019 launch.<\/p>\n Apple\u2019s F1: The Movie<\/em>, 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\u2019s No. 1 movie at the global box office.<\/p>\n The tally topped previous Apple theatrical releases, including Ridley Scott\u2019s Oscar-nominated Napoleon <\/em>($221 million), starring Joaquin Phoenix, and Martin Scorsese\u2019s Oscar-nominated Killers of the Flower Moon<\/em>, starring Leonard DiCaprio, with $158 million.<\/p>\n Subscribe HERE to the FREE\u00a0Media Play News<\/em>\u00a0Daily Newsletter!<\/strong><\/a><\/p>\n