Tim Cook Hands Apple's CEO Reins to John Ternus After 15 Years
Cook steps down as CEO after growing Apple from $350B to $4T+ and boosting net income roughly 700%.
Tim Cook is passing the top job at Apple to hardware chief John Ternus, closing out a 15-year run that transformed the company by virtually every financial metric.
The numbers tell the story. When Cook succeeded Steve Jobs in 2011, Apple's market cap sat at $350 billion. It now exceeds $4 trillion. Net income surged approximately 700%, hitting $112 billion for fiscal year 2025.
Cook's tenure turned Apple from a beloved gadget maker into the most valuable company on the planet — a sprawling empire spanning hardware, services, and silicon. His successor, Ternus, comes from the hardware side of the house, signaling Apple still sees physical products as its backbone.
Whether Cook stays at Apple in another capacity remains to be seen. But the balance sheet he's leaving behind speaks for itself.