On April 21, Beijing time, Apple made a significant announcement: John Ternus, currently serving as the Senior Vice President of Hardware Engineering, is set to succeed Tim Cook as Apple's new CEO, effective September 1, 2026. Meanwhile, Cook will transition to the role of Executive Chairman of the Board. This personnel shift, which received unanimous approval from the Board of Directors, is the culmination of a meticulously planned long-term succession strategy. Since assuming the helm as CEO in 2011, Cook has presided over the introduction of groundbreaking products such as the Apple Watch and AirPods, along with services like iCloud and Apple Pay. Under his leadership, Apple's market capitalization has soared from approximately $350 billion to an impressive $4 trillion. Ternus, who joined Apple in 2001, has made remarkable strides in hardware engineering, spearheading numerous innovations, including the incorporation of recycled aluminum composites and the utilization of 3D-printed titanium in Apple's products.