While the report said that Apple is unlikely to name a new CEO before its next earnings report in late January, it went on to explain that an announcement early in the year would allow for a smooth leadership transition, ahead of Apple's annual developers conference WWDC in June and iPhone event in September.
However, Bloomberg's Mark Gurman said he would be "shocked" if Cook steps down between late January and June next year.
"Based on everything I've learned in recent weeks, I don't believe a departure by the middle of next year is likely," said Gurman, in his Power On newsletter today. "In fact, I would be shocked if Cook steps down in the time frame outlined by the FT."
There have been "few signs internally" that Cook is about to step down, he added.
Gurman described the Financial Times report as "premature" and "simply false."
Apple's Senior Vice President of Hardware Engineering, John Ternus, is widely viewed as Cook's most likely successor whenever the time comes.
Cook, who turned 65 this year, has been Apple's CEO since August 2011.
Bloomberg's Mark Gurman has high expectations for Apple's first foldable iPhone.
In his Power On newsletter today, he said the foldable iPhone will be "the most significant overhaul in the iPhone's history."
"iPhone 4, iPhone 6 and iPhone X were clearly a big deal, but this is a whole new design," he said.
Like Samsung's Galaxy Z Fold 7, the foldable iPhone will reportedly open up like ...
iOS 26.5 is now available for developers, and while it doesn't include any new Siri capabilities, there are some major changes for the European Union, and smaller tweaks for features available worldwide.
Suggested Places
In the Maps app, there's a new "Suggested Places" feature that recommends locations to visit based on trending places nearby and recent searches. When Apple launches ads in ...
Apple has been celebrating its upcoming 50th anniversary by hosting surprise performances and other events around the world over the past few weeks, and now Bloomberg's Mark Gurman has revealed details about the company's grand finale.
In a social media post, Gurman said Apple's celebrations will conclude this week with a finale at its Apple Park headquarters for employees.
A special...
Apple is planning more Mac refreshes for the rest of the year, Bloomberg's Mark Gurman writes.
In the latest edition of his "Power On" newsletter, Gurman said that, following the introduction of the M5 MacBook Air, M5 Pro and M5 Max MacBook Pro, and MacBook Pro, Apple is preparing for further Mac refreshes to complete the 2026 lineup.
These include an upgraded Mac Studio, which Gurman...
Apple's upcoming 2026 iMac will be available in a refreshed selection of colors, Bloomberg's Mark Gurman reports.
In today's "Power On" newsletter, Gurman said that the next iMac will feature a new selection of colors. This could be the first true refresh of the device's color options in five years.
The iMac redesign introduced in 2021 uses a distinctive two-tone color design, where the...
Apple is planning to launch at least three new "Ultra"-class devices this year, according to Bloomberg's Mark Gurman.
Writing in this weekend's "Power On" newsletter, Gurman explained that while the low-end of Apple's product lineups are now well-served by the Apple Watch SE, iPad 11, and MacBook Neo, there is "a more significant shift underway" toward higher-end, "Ultra" devices. Apple is...
Apple has thrived under Tim Cook's leadership, an incredible track record of profitability and growth, averaging 18% annual market cap growth since 2011 when he took on the role. First $1 trillion dollar market cap company, first $3 trillion market cap... I wonder how the market will react when he eventually steps down? And how Macrumors will react :D:D ??
Apple has thrived under Tim Cook's leadership, an incredible track record of profitability and growth, averaging 18% annual market cap growth since 2011 when he took on the role. First $1 trillion dollar market cap company, first $3 trillion market cap... I wonder how the market will react when he eventually steps down? And how Macrumors will react :D:D ??
Yeah, Cook’s track record is insane, 18% annual market-cap growth, first $1T company, first $3T company. No question he’s one of the best operators in business history, and when he steps down the market (and MacRumors) will absolutely lose its mind. But the real question is what has Tim Cook actually done for Apple from an innovation standpoint?
Yes, he oversaw AirPods which basically created the entire true-wireless category and became a massive cultural hit. Huge win. But beyond that, where’s the next iPhone-level product? The next paradigm shift?
Financially he’s crushed it. Operationally he’s unmatched, but in terms of meaningful, era-defining innovation, what’s the big one under Cook?
