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Tim Cook will step down as Apple CEO and hand reins over to the iPhone makers hardware leader

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a nearly 15-year reign that saw the company’s market value soar by more than $3. 6 trillion during an iPhone-fueled era of prosperity. Cook, 65, will turn the CEO duties over to Apple’s head of hardware engineering, John Ternus, on Sept. 1 while remaining involved with the Cupertino, California, company as executive chairman. That’s similar to the transitions made by Amazon’s Jeff Bezos...

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