Home GlobalAfter taking Apple to $4 Trillion Valuation, Tim Cook to Step Down as CEO After 15 years

After taking Apple to $4 Trillion Valuation, Tim Cook to Step Down as CEO After 15 years

by Mahnoor Arif

Apple CEO Tim Cook is stepping down after 15 years at the helm, marking the end of a remarkable chapter for the tech giant.

Cook took over in 2011 following the death of co-founder Steve Jobs. Since then, he has guided Apple to incredible growth. The company’s value has soared to around $4 trillion, making it one of the world’s most valuable businesses.

Under his leadership, Apple expanded far beyond the iPhone. It grew strongly in services like Apple Music and Apple Pay, introduced popular wearables such as the Apple Watch and AirPods, and moved into health technology.

Cook, now 65, will hand over the CEO role to John Ternus, Apple’s senior vice president of hardware engineering. The change takes effect on September 1, 2026. Cook will stay on as executive chairman and help with a smooth handover through the summer.

Ternus, who has been with Apple for over 25 years, is known for his deep knowledge of product design and engineering. He faces the big task of keeping Apple ahead in a fast-changing world, especially in artificial intelligence and new products.

Many see this as a well-planned move. Apple has prepared carefully for the future while building on its strong foundation of loyal customers and innovative devices.

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