A farewell event for Cook?

Hello everyone! Did you know? Apple threw Tim Cook a farewell party.


On August 23, Apple hosted a send-off event for Cook at the Caffé Macs restaurant inside Apple Park—the company’s headquarters—with approximately 200 attendees. The band OneRepublic performed live, and Laurene Jobs, Steve Jobs’ widow, delivered a speech—truly a high-profile affair.


f9e15f8f-74dd-48d6-8daf-6171f4effa6e.png

Image source: Fast Technology


The timing was spot-on: August 24 marks the 15th anniversary of Cook’s appointment as CEO—the party was held one day earlier, effectively marking his “graduation.”


A man who steered Apple for 15 years—propelling its market capitalization to the world’s highest—has finally passed the baton.


Per plan, Cook will officially step down as CEO on September 1.


However, he won’t be leaving Apple entirely. Instead, he’ll transition to the role of Executive Chairman, reducing his public appearances while continuing to support key corporate functions—primarily engaging with policymakers worldwide.


In essence, Cook’s departure represents a strategic move from center stage to behind the scenes—where he’ll continue contributing meaningfully.


The successor is John Ternus—a seasoned internal hire, not an outsider.


Ternus joined Apple in 2001 as a technically grounded, hardcore engineer.


001XzHv0gy1ice08etxwmj61dk0j4q5z02.jpg

Image source: Weibo


After joining Apple, he started as a foundational product design engineer. In 2013, he was promoted to Vice President of Hardware Engineering, and in 2021, he joined Apple’s executive team as Senior Vice President of Hardware Engineering.


He played a pivotal leadership role in Apple’s ambitious transition of Mac computers from Intel chips to Apple’s proprietary M-series silicon.


The upcoming September iPhone launch event—the first major product unveiling under Ternus’s leadership as CEO—will mark his official debut in the role.


Recall how many doubted Cook when he succeeded Jobs. Online skepticism abounded: critics dismissed him as merely a supply-chain manager lacking product vision—predicting Apple’s irreversible decline.


Yet over the years, Cook transformed Apple—from a roughly $350 billion market cap at takeover into today’s $4+ trillion giant, a more than tenfold increase.


New categories like Apple Watch and AirPods were launched under his tenure, while Apple’s services business evolved into its vital second growth engine.


From a pure business standpoint, Cook is undoubtedly a world-class operator.


Of course, the Cook era has never been without controversy. Among the most frequent criticisms over the years is Apple’s incremental, “toothpaste-style” updates.


Each year, new iPhone launches leave many viewers underwhelmed—calling them unremarkable, with minor upgrades that barely register, while prices rise annually.


Longstanding issues—including cellular signal performance and charging speed—continue to draw consistent online criticism.


5d307b27ly1ifn0wplbfsj218g0m843p.jpg

Image source: Weibo


In LeiTech’s view (ID: xiaoleibbb), Cook’s 15-year tenure has been defined far more by consolidation than by groundbreaking innovation. He isn’t a visionary like Jobs capable of redefining entire product categories—but he maximized the immense value embedded in the foundation Jobs left behind.


The challenge facing Ternus may prove even greater than the one Cook confronted upon taking over.


Currently, Huawei’s resurgence is intensifying competition in China’s domestic market; Android OEMs are racing ahead with AI-powered smartphones; Apple Intelligence’s real-world user experience remains mixed; the Vision Pro still lacks a clear path to mainstream adoption; and mounting innovation anxiety surrounds the iPhone lineup.


Internally, Apple has confirmed that continuity—not disruption—is the core principle guiding this leadership transition. Existing strategies will remain largely unchanged, and even Cook’s executive assistant will retain her position.


Put simply: Apple is too massive a ship for a captain change to instantly alter its course.


LeiTech (ID: xiaoleibbb) believes that, over the medium to long term, a CEO with deep technical expertise may prove bolder in betting on product innovation.


Upcoming tests—including next-generation AI smartphones, foldable devices, and successors to the Vision Pro—will truly reveal whether Ternus can inject fresh momentum into Apple.


Finally, LeiTech asks: With Ternus at the helm, do you expect Apple to pursue bold, transformative product moves? Share your thoughts in the comments!


New Footer.jpg

WeChat Image_20260819164617_934_5.jpg