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John Ternus to succeed Tim Cook as Apple CEO on September 1

John Ternus will officially take over as the chief executive officer of Apple on September 1, succeeding Tim Cook, who will transition into the role of executive chairman. The move, which was approved unanimously by the board, follows a planned handoff to an internal veteran who has served as the company's head of hardware engineering since 2021. Cook has led the company since 2011, and while he will retain several key responsibilities, including maintaining relations with the White House, Ternus is expected to oversee a major design shake-up. Analysts suggest that the market's reaction to the succession will be dictated by the current valuation and the iPhone cycle rather than the transition itself. With Apple's market cap approaching $4.6 trillion, the company enters this new leadership phase with significant momentum, bolstered by a strong services business and an upcoming lineup of new products including the iPhone 18 Pro. thought<channel|>```json, {

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