Tough Act to Follow: Tim Cook's Departure Marks End of Era at Apple
Apple's CEO Tim Cook has stepped down after nearly 15 years at the helm, leaving behind a legacy of impressive growth and market capitalization. During his tenure, Apple's stock surged 2,275% since he took over from Steve Jobs in August 2011, cementing the company as an iconic global brand.
Cook inherited a company with a market capitalization of less than $350 billion and transformed it into a diverse $4.6 trillion business that also sells watches, AirPods, and financial services. He oversaw successful product launches such as AirPods and the Apple Watch, but others like the Vision Pro headset and self-driving cars failed to gain traction.
John Ternus has taken over as CEO and will face an early test with the upcoming unveiling of a foldable iPhone version. Analysts expect him to blend Cook's steady approach with Jobs' innovative spirit.