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On April 21st Beijing time, Apple announced a major personnel change: Starting from September 1, 2026, current CEO Tim Cook will step down and transition to the role of Executive Chairman of the Board, with John Ternus, Senior Vice President of Hardware Engineering, taking over as Chief Executive Officer. This transition, unanimously approved by the Board, is the result of Apple's long-term succession planning. During Cook's 15-year tenure, Apple's market value surged from approximately $350 billion to $4 trillion, with the launch of new products such as the Apple Watch and AirPods, and the expansion of its global business footprint. Ternus, who joined Apple in 2001, has overseen hardware engineering for several core products, driving innovations in materials and hardware design.
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