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According to the Financial Times, Tim Cook could depart as soon as next year, and Apple’s board and senior executives have stepped up succession planning. Cook, who has led Apple for more than 14 years after succeeding Steve Jobs, presided over a market valuation above $4 trillion and product launches from Apple Watch and AirPods to Vision Pro, plus services like Apple Arcade and Apple TV+. Sources say engineering SVP John Ternus is the most likely successor, though no decision is final.

Prepared by Christopher Adams and reviewed by editorial team.