Ternus Faces Daunting Task of Sustaining Apple Growth Amidst AI Transformation

Apple 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 seen significant expansion under his leadership. When he took over, Apple sold about 72 million iPhones per year. This year, the company is expected to sell an estimated 255 million iPhones.

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