In a surprise announcement on Monday, Apple announced its transition plan,with John Ternus stepping into Tim Cook's CEO position, effective September 1, 2026.

"Cook will continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition," Apple said in a statement. "As executive chairman, Cook will assist with certain aspects of the company, including engaging with policymakers around the world."

Tim Cook on John Ternus

Cook had much to say about Ternus' appointment as CEO.

"It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company," said Cook.…