It’s official. John Ternus has replaced Tim Cook as Apple’s CEO.
Ternus, a career product guy, is taking the helm after Cook, an operations guy, led the company for just over 15 years. Cook’s famed predecessor, Steve Jobs, was also a product guy.
The new CEO steps in as Apple faces pressure on the product and operational fronts. Apple has raised prices on MacBooks and iPads amid an ongoing memory chip crunch, is facing AI regulations in Europe, and is about to launch the latest — maybe foldable? — version of its iPhone.
During the company’s July earnings call, Cook called Ternus “one of a kind” and said the transition...
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