After 15 years at the helm, Tim Cook is stepping down as CEO of Apple and handing over the reins to the company's senior vice president of hardware engineering, John Ternus. Cook, who joined Apple in 1998, succeeded Steve Jobs in 2011 and went on to transform Apple into a powerhouse worth $4 trillion. Apple was already an influential company when Cook took the reins, but under his leadership, the company's market capitalization increased tenfold. When Cook took over in August 2011, Apple was valued at just under $350 billion. The company passed $1 trillion in 2018, $2 trillion in 2020, $3 trillion in 2022, and $4 trillion in 2025. Now the tech giant currently sits at $4.01 trillion. The company reported $112 billion in net income for the fiscal year ending in September 2025, which was eight times what Apple saw in September 2010. The company was able to achieve that 699% increase despite many issues, including the COVID-19 pandemic and geopolitical tensions between the U.S. and...
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