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Apple is gearing up for notable shifts in its board of directors, as two key members approach or surpass the recommended retirement age of 75. Art Levinson, the board chair, will turn 75 in March 2025, making his retirement likely in the near future. An announcement about his departure could come as early as February during Apple’s annual shareholder meeting. Levinson, a former CEO and chairman of Genentech and the current CEO of Alphabet’s Calico Life Sciences, has been part of Apple’s board since 2010.

Levinson’s retirement could pave the way for Apple CEO Tim Cook, now 64, to step into the chairman role by 2026, potentially signaling the beginning of his own retirement plans. Alternatively, Cook might appoint another current or incoming board member to the position.

Apple has a policy recommending retirement at 75, but it isn’t always strictly enforced. For instance, Ronald Sugar, a longtime board member and former Northrop Grumman executive, was granted an exception in 2024. However, his extended tenure may soon come to an end, leaving Apple with the task of finding two new board members.

If Cook chooses to remain solely as CEO, Apple may conduct a global search to fill these roles. However, should Cook take on the chairman position, he would follow a growing trend among tech leaders. Notable examples include Meta’s Mark Zuckerberg, Microsoft’s Satya Nadella, and Amazon’s Jeff Bezos, who transitioned to board chair after stepping down as CEO.

Tim Cook has been with Apple since 1998 and became CEO in 2011, succeeding co-founder Steve Jobs. Under Cook’s leadership, Apple has maintained its position as one of the world’s most influential companies. These board changes could mark the beginning of a new era for the tech giant.

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Apple recently shared its financial results for the second quarter of 2025, showing strong growth. The company earned $95.4 billion in revenue, a 5% increase from last year, and a profit of $24.8 billion, up 8%. Services, like streaming and subscriptions, hit a record high, growing 12%.

iPhone sales also helped, especially in markets where Apple Intelligence is available, boosting performance. New products, like the iPhone 16e and advanced Macs and iPads, added to the success. Apple’s board approved $100 billion for stock buybacks and raised its dividend to $0.26 per share.

However, challenges loom. CEO Tim Cook discussed tariffs, noting they had little impact this quarter due to supply chain tweaks. But for the next quarter, tariffs could add $900 million in costs if policies stay unchanged. Cook avoided commenting on price hikes, leaving consumers wondering. Apple is diversifying production, with half of U.S. iPhones now made in India and other products in Vietnam, to reduce reliance on China.

On the legal front, Apple faces App Store changes after a court ruling favored Epic Games. The company must allow developers to link to external payment options, following a 2021 injunction. Apple disagrees with the decision, plans to appeal, and is complying for now. The outcome remains unclear, but it could affect Apple’s services business. Despite these hurdles, Apple’s focus on innovation and customer loyalty keeps its device base growing. Cook remains optimistic, hinting at exciting products ahead, like a thinner iPhone 17 Air.

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Apple is facing a big challenge with Donald Trump’s return as president in 2025. His plan includes adding taxes, called tariffs, on goods coming from other countries. This could make iPhones, which are mostly made in China, more expensive to bring into the U.S. But Apple has a smart way to deal with this and still make good money.

Experts say Apple cares a lot about keeping its profits strong. Instead of raising iPhone prices too much, the company might soak up some of the extra costs from tariffs. How? By using its huge pile of cash and finding ways to save money elsewhere. This keeps customers happy and sales steady. For example, Apple could tweak how it makes products or bargain harder with suppliers to lower costs.

Trump believes the U.S. has what it takes to build iPhones at home, cutting out imports. He’s pushing for American factories to take over. But moving production to the U.S. isn’t easy or cheap for Apple. It would mean building new plants, training workers, and spending a lot upfront—things Apple might not rush into. Right now, China’s setup works well for them, so a big switch seems unlikely soon.

Still, Apple isn’t ignoring Trump’s ideas. The company already makes some parts in the U.S. and could slowly do more to show it’s on board. This might calm things down with the government while keeping its profit plan on track. By balancing costs, staying flexible, and maybe adding a few U.S. jobs, Apple aims to come out ahead. It’s a tricky game, but Apple’s used to playing it smart.