John Ternus officially took over as Apple CEO on September 1, 2026, with Tim Cook transitioning to Executive Chairman. According to Bloomberg reports, Ternus will receive a $3 million annual salary and a stock grant targeting a $55 million value by 2027. In contrast, Cook's new package includes a $2 million salary and $45 million in stock.

While Cook earned approximately $74.3 million total in 2025, Ternus's initial compensation is set at roughly $58 million across fiscal 2027 before bonuses. Cook's stock grants are partially tied to S&P 500 performance, making his pay less volatile. Ternus faces the challenge of leading Apple's massive operations, though significant changes are not expected in the short term.

The tech world will watch how Ternus affects Apple's trajectory under his leadership. Cook is expected to remain involved as a government liaison for the company.