Apple CEO Tim Cook Steps Down After 15 Years, Market Reacts
Apple Inc. (AAPL) announced that CEO Tim Cook will step down in September after 15 years in the role, leading to a 2.5% drop in Apple's stock on the first trading day following the announcement. Cook oversaw significant growth, including a market cap increase from $350 billion to $4 trillion and revenue nearly quadrupling from $108 billion to $416 billion between 2011 and 2025.
Tickers: $AAPL
Topics: Apple Inc. Leadership Change Stock Market Reaction Tim Cook