Tim Cook resigns as Apple CEO

Apple CEO Tim Cook is stepping down after nearly 15 years, with John Ternus, the company’s head of hardware engineering, set to take over on September 1. Cook, who will remain as executive chairman, has overseen a significant increase in Apple’s market value from about $350 billion to $4 trillion and has introduced several key products, including the Apple Watch and AirPods. Ternus, an Apple veteran, has been recognized for his contributions to the company’s hardware innovations.

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