Tim Cook leaves behind a $5-trillion Apple that’s late to the AI race

Tim Cook steps down as Apple CEO on August 31, succeeded by John Ternus on September 1.

Cook leaves behind a $5-trillion Apple with nearly quadrupled revenue and services worth over $100 billion annually.

Apple enters its next era playing catch-up in artificial intelligence, facing regulatory challenges and a search for its next transformative product.

Ternus inherits a company with a changing leadership, regulatory scrutiny, and supply-chain vulnerabilities.