The end of an era is coming in 2026 for Apple – maybe?

According to a new report from the Financial Times, Apple is currently making plans for Tim Cook to step down as CEO. And it could be happening next year.

Apple's plans are not related to performance issues or any sort of negative outlook for the company, according to the outlet's sources. In fact, Apple is expecting to break sales records this holiday season.

Cook has been CEO of Apple for nearly a decade and a half and led the company during one of its most trying times. He took over the position after Apple founder Steve Jobs stepped down as CEO in August 2011 due to medical reasons. Jobs died in October of that year.

John Ternus, Apple's Senior Vice President of Hardware Engineers, is considered the likely favorite to take over

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