Apple's Tim Cook Leaves Legacy, Ternus Takes Reins Amid Company's Record Growth
Tim Cook has stepped down as CEO of Apple after a 15-year tenure, during which the company grew from $350 billion to over $4 trillion. He will be succeeded by John Ternus, a 25-year Apple veteran who led hardware engineering and oversaw the transition away from Intel chips.
Cook's leadership was marked by significant milestones, including the launch of new products like AirPods and Apple Silicon, Apple's addition to the Dow Jones Industrial Average in 2015, and Warren Buffett's Berkshire Hathaway becoming its largest shareholder. The company's stock price soared during his tenure, making it the second most valuable in the world.
As executive chairman, Cook will remain involved with government and policy relationships, maintaining a positive relationship with President Donald Trump. Ternus takes over at an opportune time, as Apple continues to thrive with its strongest June quarter ever.