""It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company," Cook said in a statement."
""I am profoundly grateful for this opportunity to carry Apple's mission forward," Ternus said in a statement."
""Although he never shook the perception that he lacked Jobs' vision, Cook leveraged the popularity of the iPhone and other breakthroughs orchestrated by his predecessor to lift Apple to heights that seemed unfathomable.""
Tim Cook will step down as CEO of Apple on September 1, transitioning to the role of executive chairman. John Ternus, head of hardware engineering, will succeed him. Cook's leadership saw Apple's market value rise by over $3.6 trillion, largely due to the iPhone. Ternus has been with Apple for 25 years and is seen as a suitable successor. The transition occurs during a critical time for Apple, as the company faces challenges in the AI sector, having struggled to implement promised features.
Read at www.npr.org
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