Tim Cook steps down as CEO on Sept 1, 2026, transitioning to Executive Chairman to focus on global policy.
John Ternus, an engineering veteran behind Apple Silicon and the modern Mac lineup, will take over as CEO.
Under Cook’s 15-year tenure, Apple's market capitalization surged from approximately $350 billion to over $4 trillion.
The leadership change signals Apple's strategic focus on integrating complex AI entirely through on-device hardware superiority.
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