Apple Announces Leadership Change as Tim Cook Steps Down as CEO

Apple has announced a leadership change with John Ternus set to become the new CEO, succeeding Tim Cook, who will transition to the role of executive chairman. Asian markets showed mixed performance, with South Korea's Kospi hitting a record high. Geopolitical tensions with Iran remain high as President Trump threatens military action.

By Lim Hui Jie · CNBC ·

Apple Announces Leadership Change as Tim Cook Steps Down as CEO

Tickers: $AAPL

Topics: Apple Inc. Geopolitical Tensions Iran John Ternus Leadership Change Tim Cook U.S. Tariffs

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