Apple CEO Tim Cook steps down – John Ternus set to take helm
## A New Era Looms at Apple as Tim Cook Announces Exit Apple’s long‑standing chief executive, Tim Cook, has confirmed he will relinquish the CEO role later this year to focus on broader corporate stewardship. The transition will see senior vice president of hardware engineering John Ternus assume the helm, a move that analysts at Reuters predict could deliver a short‑term uplift to the company’s market performance. ### Key Takeaways - **Tim Cook’s departure:** The CEO steps down to concentrate on overarching corporate responsibilities. - **Successor named:** John Ternus, currently SVP of hardware engineering, will become CEO before year‑end. - **Strategic shift:** Cook’s move signals a possible reorientation toward long‑term corporate governance. - **Market reaction:** Reuters analysts anticipate a brief boost in Apple’s stock price following the announcement. - **Leadership continuity:** Ternus’ deep hardware background promises continuity in Apple’s product roadmap. [Read Full Article](https://news.ababil360.com/apple-ceo-tim-cook-steps-down-john-ternus-set-to-take-helm/) #AppleLeadership #TimCookExit #JohnTernus #AppleTransition #TechIndustry #CorporateStewardship #HardwareEngineering #MarketImpact #ReutersAnalysis #newsababil360