And when he does, it won't be a case of him "stepping back" from Apple, it will be moving to a different position in Apple - i.e. Chairman of the board of directors. So anything he's said is technically accurate.
It is a great that Tim spoke to clear up the rumor. He has done such a great job to make Apple great in financial performance and product offerings. He should stay as long as he wants to always keep Apple doing great! He is a role model for Samsung and other technology especially cellphone and company companies. 👍👍👍
In an interview with Good Morning America's Michael Strahan this week, Apple's CEO Tim Cook responded to rumors about his potential retirement.
Cook said the idea that he wants to step back at Apple is merely "a rumor."
Cook did not explicitly confirm or deny that he will be stepping down as CEO any time soon, but he said "I can't imagine life without Apple."
The full interview clip is available on YouTube below.
Last year, the Financial Times reported that Apple was preparing for Cook to step down as soon as early 2026, but it is already mid-March, so that timeframe has either already passed or is nearing its expiry date depending on who you ask.
Apple's Senior Vice President of Hardware Engineering, John Ternus, is widely viewed as Cook's most likely successor. Cook reportedly gave oversight of Apple's design teams to Ternus at the end of last year, and Ternus has been making a lot more public appearances in interviews and in product introduction videos over the past few years.
Cook has been Apple's CEO since August 2011, and he turned 65 last year.
Whenever he steps down, Cook could always become the executive chairman of Apple's board of directors, so he may play a key role in the company for years to come.
Article Link: Apple CEO Tim Cook Responds to Retirement Rumors
For the life of me I can’t understand why this hasn’t happened yet. Seems like an obvious accessory for a company that caters to creatives and creative professionals, many of whom work in dimly lit environments. Not to mention their customers with accessibility issues.
On what grounds? Phone sales are at an all time high, services revenue is up, laptop sales are great. From a business perspective, there is no reason the board would want him gone. He would need to get massively "canceled" to be ousted at this point.
Some people want a purpose, something to get up and do every day. Some people don't want to just sit around and wait to die.
You will complain against the next CEO quickly anyway. Unless you have a personal issue with Tim Cook, don't know.
stratechery.com
This is the biggest fallacy. That Cook is holding up the stock price or holding the company together. He's at the head of the company, but the success is because of all the people that work underneath him. He's not some grand visionary or leader.
So he gets no credit for the success of the company but the blame for anything that goes wrong such as the delayed AI?
As a consumer I would agree if they put out lackluster products, broken software and had absolutely no drive for innovation. But none of that is true in an objective sense.
What that does for me as a consumer is give me the products I want. This year Apple TV, iPad Pro m5 and MacBook NEO. All products I wanted.
Thanks for the laugh.
No CEO worth anything wants to be half a CEO. Apple already tried crap like that with Gil and it ended badly. It’s fine that they push him to the board only handling board tasks.
It’s very hard to know what executives are like behind closed doors having worked with a literal psychopath whose public face was all nice and sweet and she was the biggest ******* to the staff.
Safe bet 99.9 percent of those at the top are not nice people whether its business or politics. You don't reach the top being a nice person.
As a customer, I am not sure what I lost.
That may be the case.... but look at the software situation for the platform as a whole. Not only does Apple still make zero effort to make the products suitable for gaming (which we saw Apple starting to turn around for a while there in the Jobs era, when Apple worked hand-in-hand with Blizzard to make sure "World of Warcraft" didn't do graphical things that broke OpenGL on the Mac), but the elimination of Intel compatibility going forward means many small developers just opted out of rewriting code for M series processors.
