There is going to be a big change in the world’s leading tech company Apple. Tim Cook, who took the company to new heights for almost 15 years, is now going to leave the chair of CEO. He is being replaced by John Ternes, who till now has been behind the scenes leading the engineering team of big products like iPhone, iPad, Mac, Apple Watch, AirPods and Vision Pro.

From September 1, 2026, John Ternes will become the new CEO of Apple, while Tim Cook will be seen in the role of executive chairman. With this change, people’s interest has also increased in how much salary Tim Cook gets from Apple and how big is the package of John Ternes.

What is the secret of Tim Cook’s earning?

By the beginning of 2026, Tim Cook’s total annual package was estimated to be around $74.6 million. His base salary is $3 million, but his real income comes from stock awards. The 2025 package included stock awards worth approximately $57.5 million, a bonus of approximately $12 million, and other benefits worth more than $1.5 million, including security and air travel. A large part of Tim Cook’s earnings depends on the performance of the company, that is, the better Apple does, the more his income increases. Under his leadership, the company achieved a market value of approximately $4 trillion, which is counted among the biggest achievements in tech history.

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John Ternes’ journey

On the other hand, John Ternes’ journey is an example of a strong engineering career. He studied mechanical engineering from the University of Pennsylvania and joined Apple in 2001. Initially he worked on the display design of Mac, but gradually his responsibilities increased. When Dan Riccio stepped down in 2021, Ternus got the responsibility of the entire hardware team. He has led the teams that created Apple’s most popular products.

Before becoming CEO, John Ternes held the position of Senior Vice President of Hardware Engineering at Apple. His total annual package in this position was considered to be more than $20 million, of which about $1 million was base salary and the rest was earned through bonuses and stocks. His estimated net worth is estimated between 75 to 100 million dollars. Now when he will take over as CEO, it is believed that his package may reach close to the level of Tim Cook.

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