Apple stock soars as John Ternus becomes CEO

John Ternus officially became chief executive of Apple on Tuesday, September 1, 2026, succeeding Tim Cook after a 15-year run of iterating Steve Jobs-era products that turned the company into one of the world’s most valuable businesses.
Ternus, previously senior vice president of hardware engineering, takes over a company with a market capitalization around $4.6 trillion. Apple shares, which closed Monday at $316.85, traded higher during Tuesday’s session, showing gains of roughly 2