Apple Chief Tim Cook Steps Down as John Ternus Takes the Helm

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Source: The New York Times
Apple Chief Tim Cook Steps Down as John Ternus Takes the Helm
Photo: The New York Times
TL;DR

Tim Cook will step down as Apple CEO after nearly 15 years, becoming executive chairman in September; John Ternus, head of hardware engineering, will become CEO. Apple has prospered under Cook with iPhone-driven growth and services expansion, but now faces questions about sustaining innovation and leadership depth amid AI adoption and China-related challenges, while Srouji is promoted to chief hardware officer to bolster hardware development.

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