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Aditya Raghunath

John Ternus Is Taking Over at Apple. Is That a Good Thing for AAPL Stock?

Apple John Ternus Tim Cook AAPL United States Services

Earlier this week, Apple (AAPL) announced that Senior Vice President of Hardware Engineering John Ternus will take over as CEO on Sept. 1, with outgoing CEO Tim Cook moving into the role of Executive Chairman. This move marks the biggest leadership shake-up at Apple since Cook took over for Steve Jobs back in 2011. 

Ternus has spent nearly his entire career at Apple. The executive joined the iPhone maker in 2001 and has overseen the hardware teams behind nearly every major Apple product. Cook called leading Apple the "greatest privilege" of his life in a statement and will stay at the helm through the summer to help Ternus settle in.

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