Ternus Faces AI and Post-iPhone Challenges as Apple Stock Falls

Apple's stock 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 assume control of a company valued at nearly $5 trillion, making sustaining Apple's growth from its current scale one of his biggest challenges.

Cook's tenure has been marked by disciplined capital allocation, regular product launches, and a substantial expansion of Apple's services business. The company has returned more than $1 trillion to shareholders through dividends and buybacks.

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