Apple CEO Tim Cook Steps Down

Apple Inc. has officially confirmed a major leadership transition as Tim Cook prepares to step aside from the CEO role he inherited from Steve Jobs in 2011.

Under Cook's guidance, the company's market valuation surged by over $3.6 trillion, driven by a robust ecosystem and recurring iPhone revenues.

John Ternus, a veteran engineer instrumental in the development of AirPods and Apple Silicon, will lead the tech giant into a new era defined by artificial intelligence challenges.

While Cook will remain as executive chairman to manage policy and high-level relationships, Ternus faces the immediate task of maintaining hardware dominance while catching up in the global AI race.