Tim Cook almost retired after turning apple into a $4t giant

Apple CEO TIM Cook is ready to retire early next year after 14 years at the helm, according to a financial report last week citing anonymous sources. The controversy over the chef’s exit comes amid a rapid succession plan by the Board and senior management, the report said.

Some observers suggested that Cook, 65, may not go completely, but could make the transition to a role as chairman of the Board. Others, including Mark Gurman, believe that the leak from the unprovoked firing may be an attempt to prepare the market for a major leadership change. Many experts do not expect any changes before Apple’s next release in January, but say that a handoff could happen before its mid-term developer conference.

What is clear is that Cook, who succeeded Apple Co-Founder Steve Jobs in 2011, is nearing the end of his longest CEO tenure, putting renewable care into both his legacy and the question of who is next.

Tim Cook’s ananaralled legacy

Apple’s growth under Chef has been astounding. The company’s market capitalization stood at $350 billion when it took over 14 years ago. Today, it is approaching $4 trillion – more than the United States. For comparison, the S & P 500 rose more than 460 percent during the same period.

Just a year into the job, cook Apple’s Leadership Leadership, which releases Everance Price President of Retail John Browett and accepts the resignation of Scott PROTSTAL, then Senior Persice President of IOS. He also re-reported many of their commitments to existing leaders in an effort to ease internal tensions.

Cook turned Apple into “the most important business in the world while keeping its products very important in everyday life,” Natalie Andreas, a professor of communications management at the University of Texas, told Speculator.

However, Apple is facing criticism for being behind the competitors in the Arlificial Arms Race, as its Apple’s intellectual properties are slowly being released. A lot of power resides in Beta. Meanwhile, Bloomberg reports that Apple has scrapped plans for a low-cost, light-weight pro headset (codenamed N100) and is instead diverting resources to building ray-ban-ban-ban devices.

“Whoever takes the sparks will face big challenges in artificial intelligence, immersive technology like Vision Pro, and increasing global control,” said Andreas.

Fan of Tim Cook

John Ternus, Apple’s Senior President of Hardware Engineering and Direct Report to Cook, is widely viewed as the leading choice for the top job.

TernUs has been in apple for over twenty years. He joined the Product Design team in 2001 after working as a mechanical engineer in visual research systems. In 2013, Ternas was promoted to Vice President of Hardware Engineering under Dan Riccio, overseeing all IPAD, MAC, and AirPods product lines. In 2020, he had taken responsibility for iPhone hardware, and in January 2021, he succeeded Riccio as senior president of hardware engineering. Towards the end of 2022, His Purview views increased significantly when he was placed in charge of Apple Watch Hardware.

Under his leadership, Ternus played a key role in many of Apple’s most successful hardware initiatives, including the transformation of Mac computers into Apple Silicon. He also regularly appeared at major apple events, introducing new IMACs, MacBook Pros, redesigned iPads and other flagship devices.

TernUs is “one of the few leaders within the company that combines the depth of engineering with the person – the first philosophy was built on,” steven athwal apple, a tech company’s big tech company, told the deviant.

“He is reliable and well-regarded by the apple trust and trusted by cooking,” Bloomberg’s Master Mark Gurman wrote. “Apple probably needs more technology than technology or manpower.”