Tim Cook will step down as CEO of Apple, ending a tenure that saw the company grow into a US$4 trillion giant in the post-Steve Jobs era.
Cook will transition to executive chairman while remaining CEO through the summer, with hardware chief John Ternus set to take over on 1 September.
Since becoming CEO in 2011, Cook expanded Apple beyond core products like the iPhone into services, wearables and entertainment, while guiding the company through events such as the COVID-19 pandemic and trade tensions under Donald Trump.
His leadership turned the iPhone into a platform for products like Apple Watch and AirPods, though newer pushes into virtual reality and artificial intelligence have struggled to gain similar traction.