John Ternus became the new CEO of Apple.
John Ternus has become Apple's new CEO, replacing Tim Cook, who has led the tech giant for the past 15 years. About this on September 1st the international news agency Reuters reported.
"Cook has not only paved his own path to success in operations and the supply chain, but has also created a value—driven culture within Apple," said Christopher Brown, financial adviser at Synovus Securities, a private equity firm that owns shares in the iPhone maker.
Tim Cook himself, under whose leadership the company's market value soared from $350 billion to a record $4.5 trillion, officially assumed the post of executive chairman of Apple's board of directors on September 1.
It is noted that this reshuffle is necessary for Cook to focus on interaction with government regulators amid the aggravation of trade relations between the United States and China, where most of the American products are assembled. During his leadership, the corporation's annual sales increased from $108 billion to $416 billion, and net profit more than quadrupled, reaching $112 billion.
In July, Business Insider learned that Apple had regained its status as the most expensive company in the world, displacing Nvidia from first place. Following the results of trading on Monday, Apple's market capitalization reached about $5 trillion, while Nvidia's capitalization dropped to $4.77 trillion.
On April 21, US President Donald Trump called himself a fan of Cook and Jobs, while noting that Apple would not have achieved its current success if Jobs had continued to lead it.
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