Apple has recently made headlines with reports that Tim Cook will step down as CEO in September of this year and be succeeded by John Ternus. Cook took over leadership of Apple in August 2011 after Steve Jobs stepped down shortly before his death in October of that year. During his tenure, Cook successfully preserved Apple’s legacy while dramatically expanding the company’s scale, profitability, and shareholder value. Under his leadership, Apple strengthened its position as a global leader in consumer electronics and generated enormous cash flows through products, services, and ecosystem growth. Ternus, who joined Apple in 2001, is also a longtime company veteran. Many investors and analysts hope his leadership could help drive Apple’s next phase of innovation, particularly in artificial intelligence, where the company faces growing pressure to compete more aggressively.
Source: Statista, The Business Week Graphic
This graph was produced by Lucas Juery, CFA, CFPⓇ and is not intended to provide financial advice.
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