Tim Cook Steps Down, John Ternus Takes Apple's Helm

0:00On April 20th, Apple just dropped big news. Tim Cook is stepping down as CEO on September 1, handing the reins to John Ternis, the head of Hardware Engineering. Cook sticks around as executive chair, calling it the greatest privilege of his life to lead the company. Cook took over in 2011 after Steve Jobs, turning Apple into a global powerhouse. Market value jumped from $350 billion to over $4 trillion today, fueled by killer iPhone including their best quarter. Ever thanks to demand in China. Ternis has been with Apple since 2001, worked under Jobs, and credits Cook as his mentor. He's ready to carry the torch, promising to uphold the values that made the place legendary for 50 years. But the new boss inherit some heat investors are grilling Apple on AI plans after lagging behind rivals. Siri gets third party boosts, core sales hold strong, yet Vision Pro flapped hard on demand. Successions have been brewing for a year, so this feels smooth. Apple's eyeing fresh growth amid the tech shakeup, and we'll watch

1:04how Ternis navigates it all.