Tim Cook handed over the CEO position at Apple to John Ternus on Tuesday, closing out a nearly 15-year tenure during which Apple's stock surged 2,275% and its market value grew from under $350 billion to $4.6 trillion. Apple also became the first company to reach a $3 trillion market cap and held the title of the world's most valuable company multiple times. Under Cook's leadership, the business expanded from iPhone and Mac into a diverse ecosystem including Apple Watch, AirPods, and financial services, as well as a Services business that generated over $109 billion in revenue in fiscal 2025, accounting for more than a quarter of total sales. Total revenue rose from $157 billion in 2012 to $416 billion in the latest period, and is expected to reach $477 billion in fiscal 2026. However, delays in AI and the failure of the Vision Pro have been criticized as weaknesses, while Ternus will face a major test next week with the launch event for the foldable iPhone.
Apple Inc.CEO transition and historical stock performance, with mixed legacy including AI delays and Vision Pro failure.
