00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple CEO Tim Cook stepped down Monday after 15 years leading the company,
00:07while remaining as Executive Chairman, according to Fox Business.
00:10John Turnus, previously Apple's Senior Vice President of Hardware Engineering,
00:15succeeds Cook as CEO.
00:17Cook took over from Steve Jobs in August 2011
00:19and oversaw Apple's expansion into products and services,
00:23including Apple Watch, AirPods, Apple Music, Apple TV+, and Apple Card.
00:29Apple became the first publicly traded U.S. company
00:32to reach a $1 trillion market capitalization in 2018
00:36and later cross $4 trillion in October 2025.
00:41Apple currently has a market cap of roughly $4.6 trillion.
00:45Turnus will lead his first major Apple event on September 9th
00:48when the company plans to unveil its newest iPhone.
00:51For all things money, visit Benzinga.com.
