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Apple's Tim Cook Set to Leave Legacy as Company Enters New Era of Growth

Guavy AI Editorial Team
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AAPL
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Tim Cook's tenure as Apple CEO has been marked by significant growth and innovation. He took over from Steve Jobs in August 2011, after a 5% drop in stock price following Jobs' resignation.

Cook was instrumental in expanding the iPhone's global availability and championing the services business, which is now a $120 billion profit center.

Under Cook's leadership, Apple has introduced new products such as the Apple Watch and AirPods, with the latter generating $36 billion in revenue.

Cook will step down as CEO on September 1, handing over to John Ternus. The company is poised for continued growth, driven by strong iPhone demand and the introduction of AI-powered features.

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