Tim Cook Thanks Shareholders on His Final Apple Earnings Call - MacRumors
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Tim Cook Thanks Shareholders on His Final Apple Earnings Call

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Apple CEO Tim Cook today confirmed that today's call was his last as CEO, with John Ternus set to become Apple's new CEO on September 1. Cook will transition to a new role as executive chairman when Ternus becomes CEO.

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I just wanted to take a moment to say thank you to all of you, from our shareholders, particularly our long-term shareholders who have put their trust in us for so many years, to the analysts who have followed our company so closely. As you know, this will be my final earnings call, and John will lead these calls going forward.

Cook said the transition to Ternus is "going seamlessly," and he is excited for Ternus to lead Apple into its next era.

As I've said, I couldn't be more confident in his leadership, in our executive team, and in the extraordinary people at Apple who are determined to enrich the lives of our users all over the world. We have a bright future ahead, and I truly have never been more optimistic.

While Cook is stepping down as Apple's CEO, he said earlier this year that he plans to serve as executive chairman "for a long time." He said Apple will continue to be his top priority.

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Top Rated Comments

H
Hammerd
6 weeks ago
You will be missed by my heart, but not by my wallet. Farewell Tim Apple!
Score: 14 Votes (Like | Disagree)
macdisciple Avatar
macdisciple
6 weeks ago
He provided quiet consistent leadership and stewardship of the biggest brand in the world. Steve picked the right guy.
Score: 10 Votes (Like | Disagree)
Astuces iOS Avatar
Astuces iOS
6 weeks ago
Bye bye Timmy ! Things will be better without you !
Score: 8 Votes (Like | Disagree)
Z
ZZ9pluralZalpha
6 weeks ago
He was no Jobs, but he wasn't supposed to be
Score: 8 Votes (Like | Disagree)
D
DelayedGratificationGene
6 weeks ago
Absolutely outstanding job Tim! I’m so happy and relieved you will be staying on as Chairman. Basically you are not even leaving. All the best!
Score: 7 Votes (Like | Disagree)
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Sami13496
6 weeks ago
In my opinion, the comments criticizing Tim are childish. You can say whatever you want, but the facts are as follows.

Tim Cook’s tenure as Apple’s CEO, from August 24, 2011, to September 1, 2026, was one of the most successful leadership periods in corporate history from a business and shareholder perspective.

When Cook took over, Apple was already an exceptional company with a market capitalization of roughly $350 billion. By the end of his tenure, Apple’s market value had grown to approximately $4–5 trillion, representing an increase of around 10–14 times.

The company’s financial performance also expanded dramatically. Annual revenue grew from about $108 billion in fiscal 2011 to roughly $416 billion in fiscal 2025, nearly quadrupling over the period. Net income increased from around $26 billion to well over $110 billion, while long-term shareholders saw total stock returns of roughly 20x during Cook’s time as CEO.

Beyond the numbers, Cook transformed Apple into a far more diversified business. Under his leadership, the Services division grew into a business generating more than $100 billion in annual revenue. Apple also launched several hugely successful product categories, most notably the Apple Watch and AirPods, while the transition to Apple Silicon fundamentally reshaped the Mac lineup and significantly improved its competitiveness.

Apple also became the first company in history to reach market capitalizations of $1 trillion, $2 trillion, $3 trillion, and eventually $4 trillion during Cook’s leadership.

While Steve Jobs is widely regarded as the company’s greatest visionary, Tim Cook’s legacy is difficult to dispute. He took an already extraordinary company and turned it into one of the most valuable and profitable businesses the world has ever seen, delivering exceptional long-term returns for shareholders while expanding Apple’s ecosystem and recurring revenue streams on an unprecedented scale.
Score: 6 Votes (Like | Disagree)
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