Tim Cook Steps Down

Apple CEO Tim Cook is stepping down from the role he inherited from Steve Jobs, ending a 15-year tenure that saw the company's market value soar by over $3.6 trillion.

John Ternus, currently the senior vice president of hardware engineering, will take the helm on September 1.

Cook will transition to executive chairman, where he is expected to continue managing critical global policy relationships.

Analysts view the appointment of a hardware expert as a strategic move to integrate Apple's devices with the burgeoning demands of the AI era.