Apple has announced a leadership transition as hardware chief John Ternus is set to take over as CEO on September 1. Tim Cook, the outgoing chief executive, will transition to the role of executive chairman. In this capacity, Cook is expected to maintain his focus on corporate diplomacy, leveraging his established relationship with President Donald Trump. The selection of Ternus, who previously led the company's hardware division, suggests that Apple intends to keep its strategic focus centered on hardware development.
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Source · Bloomberg — Technology
