Apple Stock Falls as John Ternus Prepares to Take Over from Tim Cook

Apple's stock price fell by 1.8% on Monday as John Ternus prepares to take over as CEO, succeeding Tim Cook after more than a decade at the helm.

Ternus will inherit a company valued at nearly $5 trillion, making it one of his biggest challenges to sustain Apple's growth from its current scale.

Cook's tenure has been marked by disciplined capital allocation, regular product launches, and a substantial expansion of Apple's services business.

However, investors are looking for Apple's next major growth driver, particularly as artificial intelligence reshapes the technology industry.

Futurum Group CEO Daniel Newman believes that Apple needs to identify the next major computing platform after the smartphone and own it.