Apple announced Monday that Tim Cook will step down as CEO on September 1, succeeded by John Ternus, current senior vice president of hardware engineering. Cook, who led the company for nearly 15 years, will transition to executive chairman. During his tenure, Apple’s market capitalization grew from $350 billion to $4 trillion, driven by the launch of products like the Apple Watch and the recent integration of OpenAI’s ChatGPT. Leaders including Sam Altman and Warren Buffett praised Cook for his geopolitical navigation and for redefining the brand's global reach.
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Source · Fortune
