Tim Cook Steps Down, John Ternus Becomes Apple's 8th CEO
- 1Tim Cook stepped down as CEO on September 1 after 15 years at the helm, with John Ternus becoming Apple's 8th CEO.
- 2Ternus, who has led hardware engineering since 2021, takes over about two weeks before the first foldable iPhone launches in mid-September.
- 3Apple focuses on device hardware over AI model competition, and Ternus inherits challenges of sluggish growth and the AI gap.
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