Apple CEO Tim Cook to step down after more than a decade

In a significant leadership transition, Tim Cook, who has been at the helm of Apple for over ten years, will resign from his position as CEO, as announced by the company on Monday. Under Cook's guidance, Apple transformed into a $4 trillion powerhouse, shaping its direction during the post-Steve Jobs era. Effective September 1, John Ternus, currently serving as Apple's senior vice president of hardware engineering, will take over the role of CEO. This change marks a pivotal moment for the tech giant as it prepares to embark on new ventures and innovations. Updates on this story will follow as it develops.