Reports on November 24, 2025, clarified that Apple CEO Tim Cook is not expected to step down in the near future. The news follows recent speculation, originating from the Financial Times, that succession plans at the company had intensified for a change as early as next year. However, Bloomberg's Mark Gurman described these rumors as "simply false," stating there are "few signs internally" of an imminent transition. Under Cook's leadership since 2011, Apple's market valuation has grown from $350 billion to over $4 trillion. While Senior Vice President of Hardware Engineering, John Ternus, is considered a likely future successor, the current reports emphasize that Cook has earned the right to decide his own departure time and there is no indication he is being pushed out. The clarification provides a sense of stability regarding the company's long-term leadership.