Apple's Tim Cook Hands Over $4.67T Legacy to John Ternus

Today marks the end of an era at Apple as Tim Cook steps down after 15 years as CEO, handing over a $4.67 trillion legacy to John Ternus.

Cook's tenure saw unprecedented growth, with annual revenue quadrupling from $108 billion in fiscal 2011 to $416 billion in 2025.

Ternus, a 25-year Apple veteran, has already signaled his focus on artificial intelligence, introducing an internal AI platform to accelerate product development.

As he takes the reins, investors will be watching Ternus's first major act closely, including the fall product launch event on September 9, where the newest iPhone series and potential foldable phone are set to debut.