Stocks
Tim Cook Steps Down as Apple CEO After 15 Years of Explosive Growth
Apple CEO Tim Cook is stepping down after 15 years at the helm of the company. During his tenure, Apple shares have surged a staggering 2,740%, turning a $1,000 investment into approximately $28,418. Under Cook's leadership, Apple grew from a $350 billion to a $4.67 trillion company.
The company's success can be attributed to strong iPhone sales, expanding services revenue, and aggressive share buybacks. Additionally, Cook's operational expertise helped Apple navigate global challenges.
Apple's ecosystem has grown to over 2.5 billion active devices under Cook's leadership. He will be succeeded by John Ternus on September 1, who is expected to focus on AI and product innovation, starting with a major product event on September 9.