Apple Inc. (NASDAQ:AAPL) is reportedly ramping up preparations for a leadership transition, with the board and senior executives intensifying discussions around identifying Tim Cook's successor.

Apple Steps Up CEO Succession Talks

Cook, who took over from Steve Jobs in 2011, could hand over the role as soon as next year, the Financial Times reported, citing people familiar with the discussion.

While no formal decision has been announced, insiders told the publication that the planning has become more active and deliberate.

Apple did not immediately respond to Benzinga’s request for comment.

John Ternus Seen As The Leading Contender

According to the report, senior vice president of hardware engineering John ...