Tim Cook hands reins to new Apple CEO
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Tim Cook hands over reins of Apple, keeps political clout
{beacon} Technology Technology The Big Story Tim Cook hands over reins of Apple, but keeps political clout Apple’s Tim Cook handed over the reins as CEO to John Ternus on Tuesday, but the technology giant won’t be losing his political clout and connections to Washington. AP Photo/Alex Brandon In his new role as executive chair of Apple’s…
Sep 1, 2026
Tim Cook's legacy hinges on Apple's AI bet
For better or worse, Tim Cook's legacy is likely to be determined by something we don't really know the answer to yet: the company's bet to build its AI strategy partly around other companies' models. Why it matters: In the short term, the move could save substantial sums compared with building and operating a frontier-model business of its own, but it's left Apple dependent on Google for some of its most important AI capabilities. Driving the news: As John Ternus officially takes over today as
Sep 1, 2026
How golden was Tim Cook's Apple?
Data: Financial Modeling Prep; Chart: Erin Davis/Axios Visuals Apple CEO Tim Cook hands the reins over to John Ternus Tuesday, stepping down after 15 years of running the company. Why it matters: He had an epic run. By the numbers: When Cook took over in August 2011, Apple's stock was trading at $13.35. It closed at $316.61 on Monday. Zoom in: That 2,272% gain easily outpaced the growth of the major stock indexes. The company's market cap — the value of all its outstanding shares — is now $4.7 t
Sep 1, 2026