Apple: Tim Cook Steps Down After 15 Years, $4 Trillion Valuation

Tim Cook is stepping down as CEO of Apple after 15 years, leaving behind a company with a $4 trillion market capitalization. He took over in 2011, succeeding Steve Jobs.

Cook joined Apple in 1998 and became CEO in 2011. Under his leadership, Apple saw significant growth, with the release of new products such as the Apple Watch and AirPods, as well as the expansion of services like Apple Pay and Apple TV.

Despite the success, Apple lags in the integration of artificial intelligence. Also, the Vision Pro did not have the expected impact, and the autonomous car project was canceled.

John Ternus, 50, is taking over as CEO, while Cook remains executive chair.