00:00Big news from Apple Inc. A major leadership shift is officially happening.
00:05After more than a decade as CEO, Tim Cook is stepping down, but he's not leaving the company.
00:12He'll transition into a new role as executive chairman, where he'll continue guiding Apple's long-term strategy.
00:20Caking over as CEO is John Ternus, currently Apple's senior vice president of hardware engineering.
00:26This change is set for September 1, 2026, and according to Apple, it's all part of a carefully planned succession.
00:35So, who is John Ternus?
00:37He's been with Apple for over two decades and has played a major role in developing products like the iPhone,
00:44Mac, and Apple Silicon chips.
00:47In simple terms, he's a product-focused leader stepping into one of the biggest roles in tech.
00:52As for Tim Cook, his legacy is huge.
00:56He led Apple to become one of the most valuable companies in the world, expanding into wearables, services, and beyond.
01:04This transition signals a new chapter for Apple, especially as the company looks ahead to the future of AI, hardware,
01:12and innovation.
01:13Apple isn't changing direction overnight, but it is preparing for what comes next.
01:18So, we'll be right back to the future of AI, and we'll be right back to the future of AI,
01:18and we'll be right back to the future of AI.
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