Tim Cook is stepping down as Apple's CEO after 15 years. He built the company from $350 billion to $1.3 trillion in market value, with revenue and profits roughly quadrupling. John Ternus, Apple's senior vice president of hardware engineering, will take over.
Tim Cook is stepping down as CEO of Apple after roughly 15 years in the role, and he'll be succeeded by John Ternus. This marks the end of one of the most financially successful leadership runs in modern corporate history. According to reporting from major outlets, from The Times, Wall Street Journal, and elsewhere, Apple grew from a company worth about $350 billion, which was substantial when Cook took over in 2011, to roughly $4 $1.3 trillion today, with revenue and profits both increasing about fourfold during his tenure. Ultimize.
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