Apple CEO Tim Cook Resigns

Apple is entering a new era as longtime leader Tim Cook prepares to transition to the role of executive chairman this fall.

Cook's departure marks the end of a transformative period where Apple's stock soared and services became a central revenue pillar.

John Ternus, a 25-year company veteran, will take over as CEO on September 1, inheriting the challenge of accelerating Apple's artificial intelligence strategy.

Industry analysts are closely watching how Ternus will navigate the shifting landscape of hardware innovation and global trade pressures.