John Ternus succeeds Tim Cook as Apple CEO

John Ternus has officially taken over as CEO of Apple, succeeding Tim Cook, who ended a 15-year tenure. Ternus, who had been senior vice president for hardware engineering since 2021, joined Apple in 2001 and oversaw product lines like iPad and AirPods. The transition was announced in April, with Cook moving to executive chairman. Ternus's appointment is seen as a signal of Apple's focus on hardware innovation integrated with AI. He faces challenges including slower AI rollout, supply chain strains, and US-China trade tensions. Apple is expected to unveil new iPhones and a foldable device on September 9, and a new Siri with iOS later this month. Analysts forecast Apple could ship 17 million foldable iPhones and reach 40% market share by end of next year. Apple's stock rose 2.2% on Tuesday.