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Apple's Cook To Step Down
Description
Apple announced Tim Cook will step down as CEO and become executive chairman, with John Ternus taking over as CEO effective September 1st, 2026. Cook oversaw Apple's market cap growth from ~$350B to $4T and annual revenue surpassing $416B. He led launches of Apple Watch, AirPods, and Apple Vision Pro and expanded services to over $100B. Ternus is a 25-year Apple veteran currently leading Hardware Engineering.
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