Tim Cook to step down as Apple CEO
Summary
Apple CEO Tim Cook is stepping down after nearly 15 years leading the company. John Ternus, Apple's head of hardware engineering, will become the new CEO on September 1, while Cook will remain as executive chairman to support the company.Key Facts
- Tim Cook joined Apple in 1998 and became CEO in 2011.
- Under Cook, Apple's market value grew from about $350 billion to $4 trillion.
- Annual revenue increased from $108 billion in 2011 to over $416 billion by 2025.
- Cook oversaw the launch of new products like Apple Watch, AirPods, and Apple Vision Pro.
- Apple also expanded services, including iCloud, Apple Pay, Apple TV, and Apple Music.
- John Ternus, 50, is Apple’s senior vice president of hardware engineering since 2021.
- Ternus helped develop product lines such as iPad, AirPods, and many versions of iPhone, Mac, and Apple Watch.
- Cook will support Apple as executive chairman, including working with global policymakers.
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