Apple Stock Rises as John Ternus Takes Over as CEO
On September 1, 2026, Apple Inc (NASDAQ: AAPL) stock rose by 2.5% at around 1:41 p.m. ET following the appointment of John Ternus as its new CEO. This marks the first leadership change in over a decade since Tim Cook took over from Steve Jobs in 2011. Although Ternus is now CEO, Tim Cook will remain with Apple as Executive Chairman and continue to assist on key matters such as global policy engagement. Apple's financial performance under Cook has been strong, generating more than $416 billion in revenue during fiscal year 2025—four times the company’s sales when he began his tenure. Investors appear reassured by Cook's continued involvement despite Ternus' new role. The broader market was down on the same day, with both the S&P 500 and Nasdaq Composite declining. The Motley Fool analysts did not include Apple in their list of top stock recommendations for investors at this time.
Topics: Apple CEO change Stock price movement