Tim Cook steps down as Apple CEO after 1,000% growth; John Ternus named successor
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Evercore ISI on Apple (AAPL): 'we think the appointment of John Ternus as CEO makes sense'
April 21, 2026 4:07 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $330.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "AAPL announced after the close today that Tim Cook will step down as CEO this August, with John Ternus, the companys current SVP of Hardware Engineering, set to take the role effective September 1, 2026. AAPL stock has done remarkably well under Tim Cook (+1,932% vs. S&P 500 up 504%) as he expanded the focus on not just product innovation but also on profitability and shareholder return. Key points from our chat with the company (CFO and IR)... More
