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Tim Cook hands over Apple's $4 trillion reins to 'the perfect person for the job', hardware engineering…

Tim Cook is transitioning from his CEO role at Apple to become executive chairman, handing over the CEO position to John Ternus, the senior vice president of hardware engineering. Ternus, who has been instrumental in Apple's shift to M-series CPUs and the development of MacBooks, will lead the company valued at nearly $4 trillion.

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