John Ternus Named Apple CEO

The leadership transition marks a significant shift for Apple as it faces increasing pressure to accelerate its artificial intelligence strategy.

John Ternus, a 25-year veteran of the company, is widely regarded as a 'product perfectionist' with deep roots in iPhone and Mac engineering.

Investors are closely watching how Ternus will navigate the 'AI wars' and manage Apple's complex relationship with the Chinese market.

Tim Cook's legacy is defined by unprecedented financial growth and the successful expansion of the Apple ecosystem into services and wearables.