Tim Cook Steps Down as CEO of Apple

Apple's leader, Tim Cook, is stepping down from his position, with Vice President John Ternus set to take over. Cook began his career at Apple in 1998. He became CEO in 2011, following Steve Jobs' departure, leading the launch of several products and services, including the Apple Watch, AirPods, and Apple Vision Pro, as well as platforms like iCloud, Apple Pay, Apple TV, and Apple Music. He has also played a crucial role in the development of existing product lines.

Under Cook's leadership, Apple's market capitalization has skyrocketed from $350 billion to $4 trillion, marking an increase of over 1000%. Annual revenue has also seen significant growth, rising from $108 billion in 2011 to more than $416 billion in 2025.

Tim Cook will remain as CEO and continue to fulfill his duties during the summer to ensure a smooth transition of authority. “It has been the greatest honor of my life to be the CEO of Apple and to lead such an extraordinary company. I love Apple with all my heart and am deeply grateful for the opportunity to work with such an innovative, creative, and caring team of individuals who strive tirelessly to enrich our customers' lives and create the best products and services in the world,” said Cook.