Tim Cook hands Apple to John Ternus after a 15-year, $1T-to-$4.6T run
Tim Cook's final day as Apple CEO was August 31, with hardware engineering chief John Ternus taking the job September 1 and Cook staying on as executive chairman. The handoff is orderly rather than forced — Apple sits near $4.6 trillion, second to Nvidia's $5.25 trillion — and Ternus's first test is the September 9 iPhone event, where analysts expect a foldable aimed at Samsung.
Source: foxbusiness.com ↗
Together, we have created something far greater than any one of us could have imagined or accomplished alone.
Tim Cook
Why this matters
- → Tripled Apple's market cap from $1T to $4.6T in 15 years, reshaping tech's economic gravity.
- → Pioneered services ecosystem strategy that competitors still chase.
- → Navigated US-China tensions while maintaining manufacturing relationships.
The trillion-dollar handoff