Apple CEO Tim Cook Resigns

After a 15-year tenure that saw Apple reach a $4 trillion valuation, Tim Cook is handing the reins to John Ternus.

Cook described the transition as a 'textbook succession' and expressed confidence in Ternus's leadership as the company enters a new era of AI-driven innovation.

Ternus, a 25-year veteran of the company, is widely regarded as a 'product guy' who will prioritize hardware excellence.

The leadership change comes at a pivotal moment as Apple faces mounting pressure to catch up with rivals in the rapidly evolving artificial intelligence market.