Tim Cook -- Barron's

Dow Jones09:31

Apple's CEO is stepping down in September. Investors will miss him. By Angela Palumbo

Tim Cook will step down in September as Apple's CEO. To say he'll be missed by investors, and many others, is an understatement. Cook, who succeeded Apple's co-founder and visionary leader, Steve Jobs, in 2011, presided over a 300% gain in revenue during his tenure. But the company's stock market value soared by more than 1,200%, or about $4 trillion, to a recent $4.35 trillion.

Cook, 65, turned Apple into one of the stickiest product ecosystems ever. Someone with one Apple product is highly likely to buy more, as the devices integrate seamlessly with each other.

Cook led Apple through technology transitions and political challenges, both at home and abroad. Most recently, he has been navigating the artificial-intelligence revolution in a very Apple-like way: cautiously and through collaborations. Apple just showed off its latest AI updates at its annual Worldwide Developers Conference. The stock fell after the event as some critics said the tech looked underwhelming, but early reviews indicate that software developers are enjoying the updates.

Cook will be leaving Apple in good hands. His successor, John Ternus, currently senior vice president of hardware engineering, is much admired on Wall Street and beyond.

Write to Angela Palumbo at angela.palumbo@dowjones.com

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June 19, 2026 21:31 ET (01:31 GMT)

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