Tim Cook Steps Down as Apple CEO After 15 Years — SkimNews
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- Tim Cook stepped down as Apple's CEO after 15 years, handing control to John Ternus on Tuesday
- Apple's stock traded at $13.35 when Cook took over in August 2011, marking the starting point of a historic run
- John Ternus assumes leadership of Apple from Tim Cook, taking over operational reins of the company
- Apple under Cook grew into one of the most valuable companies in the world, though its future hinges on AI strategy
Why it matters: Cook’s departure ends a 15-year era that saw Apple’s market value explode from a $13.35 stock price to global dominance, but the transition places immediate pressure on Ternus to deliver on AI innovation — a shift investors see as critical to sustaining growth. The company’s next chapter pivots from operational excellence to technological reinvention.
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