How Wall Street ‘reacted’ to Tim Cook stepping down as Apple CEO

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Apple CEO Tim Cook is stepping down after nearly 15 years, with John Ternus set to take over as CEO on September 1, 2026. Cook will transition to executive chairman, capping a tenure that saw Apple's market capitalization soar and revenue quadruple. Ternus, a 25-year Apple veteran leading hardware engineering, is expected to guide the company through AI advancements.

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