Apple’s board and executives are fast-tracking succession plans for CEO Tim Cook, who may step down as early as next year. John Ternus, Apple’s hardware engineering VP, is a top contender. The $4 trillion company expects 10-12% revenue growth this holiday quarter, driven by the iPhone 17 release. Apple faces AI challenges and competition from former employees in the tech industry. Cook, credited with Apple’s market cap growth, prefers an internal successor.

Read more at Yahoo Finance: Apple is ramping up succession plans for CEO Tim Cook and may tap this hardware exec to take over, report says