Apple appoints John Ternus as new CEO, Cook steps down

Apple has selected John Ternus, currently head of hardware, to succeed Tim Cook as CEO, effective September 1st. Cook, who led the company for 15 years and grew its valuation to $4 trillion, is stepping down. Ternus is characterized as having a similar style to Cook and is viewed as an appointment ensuring continuity. This leadership change occurs amidst broader geopolitical and economic news, including potential US-Iran talks and shifts in oil prices.