John Ternus succeeds Tim Cook as Apple CEO amid AI push and memory supply strain
John Ternus, Apple's 25-year veteran and head of hardware since 2021, officially takes over as CEO from Tim Cook on Tuesday, making him only the second chief executive since Steve Jobs. Cook, 65, will remain with the company as executive chairman, engaging with global policymakers, while the 51-year-old Ternus inherits full responsibility for software, devices, finance and legal operations. The handoff comes as Apple faces pressure to prove its AI strategy and navigate rising memory component costs.