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Tim Cook Steps Down as Apple CEO After Over a Decade of Leadership

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Tim Cook, who has been at the helm of Apple since 2011, is resigning as CEO effective September 1, with John Ternus taking over. Cook will transition to the role of executive chairman while ensuring a smooth handover over the summer. Under Cook's leadership, Apple transformed into a $4 trillion company, expanding its product line beyond the iPhone to include wearables and services. However, recent challenges in AI and virtual reality have raised concerns about the company's future direction. This change in leadership comes amid a broader executive shakeup at Apple.

Key Details: • Tim Cook's resignation takes effect on September 1, 2026. • John Ternus, the current senior vice president of hardware engineering, will succeed Cook. • Cook will remain as executive chairman of the board after stepping down as CEO. • Apple's recent struggles include setbacks in AI and virtual reality product launches.

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