On his last day as CEO, Tim Cook pens an emotional memo reflecting on his time at Apple and says he takes "enormous comfort" in handing the helm to John Ternus (Chance Miller/9to5Mac)

Tim Cook’s final memo as Apple CEO thanked staff and expressed confidence in John Ternus, who will succeed him while Cook becomes executive chair. Under Cook’s 15-year leadership, Apple’s market value grew from under $350 billion to $4.6 trillion, revenue rose from $157 billion (FY 2012) to about $477 billion (FY 2026), and the stock increased roughly 2,275%. Phil Schiller left his roles overseeing the App Store and product events, staying on for undisclosed projects.