Tim Cook steps down as Apple CEO, John Ternus takes charge from September 1

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Tim Cook sent a farewell memo to Apple employees on his final day as CEO, clarifying that he is not leaving the company but transitioning out of a role he described as one he deeply loved. John Ternus, a hardware-focused executive, officially takes over as Apple's CEO on September 1. Cook will continue his association with the company in the capacity of executive chairman. In his memo, Cook expressed praise for Ternus and conveyed confidence in Apple's future direction. The leadership change is seen as marking a new hardware-first chapter for the company.

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