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Apple is expected to unveil a folding iPhone at its annual fall event, marking the first major design overhaul since 2007. The device will fold like a passport, doubling screen size, and will test new CEO John Ternus.
Tim Cook has stepped down as CEO, passing the role to former hardware chief John Ternus. Ternus's first memo promises a major product launch next week, signaling Apple's biggest-ever slate of new devices.
John Ternus became Apple CEO on September 1, 2026, succeeding Tim Cook. His first memo hyped a major launch next week, rumored to be the first foldable iPhone.
Tim Cook steps down as Apple CEO on August 31, 2026, after a tenure that saw Apple's market value soar by $4 trillion. He passes the reins to product chief John Ternus.
