That’s similar to the transitions made by Amazon’s Jeff Bezos and Netflix’s Reed Hastings after they ended their highly successful tenures as CEO. To allow Cook to assume his new job, Arthur Levinson will relinquish his role as Apple’s non-executive chairman while remaining on its board of directors. “It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company,” Cook said in a statement.
“I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people.” Ternus, 50, has been with Apple for the past quarter century, including the past five years overseeing the engineering underlying the iPhone, iPad and Mac – a role that made him a prime candidate to succeed Cook.
“I am profoundly grateful for this opportunity to carry Apple’s mission forward,” Ternus said in a statement. Cook and Ternus may have more to say about the changing of the guard on April 30 when Apple is scheduled to release its financial results for the first three months of the year. The transition to a new CEO comes at a pivotal time for Apple.
Artificial intelligence has unleashed the most upheaval within the industry since Jobs unveiled the first iPhone in 2007. Apple has gotten off to a rough start in AI after stumbling in its efforts to deliver new features built on the technology, as promised nearly two years ago. Earlier this year, Apple finally turned to Google – an early leader in the AI race – for help making the iPhone’s virtual assistant Siri into a more conversational and versatile helper.
“Cook created a major legacy at Apple but it was ultimately time to pass the torch to Ternus with the AI strategy now the focus,” Wedbush Securities analyst Dan Ives said.
Although he never shook the perception that he lacked Jobs’ vision, Cook leveraged the popularity of the iPhone and other breakthroughs orchestrated by his predecessor to lift Apple to heights that seemed unfathomable when it was on the brink of bankruptcy during the mid-1990s. Not long after Cook took over, Apple became the first publicly traded company to be valued at $1 trillion, then became the first to be valued at $2 trillion and $3 trillion, too.
Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from contentand romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation, and don’t publish clone new content more than just one time
