"Tim Cook stated, 'It has been the greatest privilege of my life to be the CEO of Apple. John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honour.'"
"Since Tim Cook took over in 2011, Apple's market capitalisation has swelled from roughly $350bn to $4tn, a gain of more than 1,000 per cent."
"Cook has added Apple Watch, AirPods and Vision Pro to the firm's hardware roster, while the Services division he championed now generates more than $100bn a year."
Tim Cook will transition to executive chairman of Apple on September 1, with John Ternus promoted to CEO. This succession was unanimously approved by directors and is described as a well-planned handover. Cook will assist Ternus during the summer for a smooth transition. In his new role, Cook will focus on global policy engagement. Under Cook's leadership, Apple's market capitalization increased from $350 billion to $4 trillion, and annual revenue grew from $108 billion to over $416 billion by 2025.
Read at Business Matters
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