
Apple is entering a new era. The company announced on Monday that CEO Tim Cook will be stepping down and John Ternus, Apple’s current senior vice president of hardware engineering, will succeed him.
Cook has led the company for almost 15 years, assuming the role shortly before founder Steve Jobs’ death in 2011. Under his leadership, Apple’s market capitalization has grown from $350 billion to $4 trillion and the company has launched products such as iCloud, Apple Pay, AirPods, and the Apple Watch, redefining the brand as more than just a phone and computer company.