John Ternus Takes the Helm at Apple Amidst Challenges

Tim Cook has stepped down as Apple's CEO after 15 years at the helm. He will remain as executive chairman, focusing on global policy engagement.

Cook's successor is John Ternus, who currently heads hardware engineering. Ternus faces significant challenges in his new role, including a tough AI rollout and a global chip shortage that has led to price hikes.

The company's next major product launches, such as the foldable iPhone and revamped Siri, will also be under his watch. Apple's market cap is over $4.5 trillion, and Cook emphasized that he is not leaving the company but transitioning into his new role.