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Tim Cook's Legacy: AirPods, Apple Watch, and Apple Silicon Define His Tenure

other · 2026-04-21

Tim Cook has resigned from his position as CEO of Apple, passing the leadership to John Ternus. During Cook's 15 years at the helm, Apple's valuation skyrocketed from $347 billion to an impressive $4.6 trillion. Under his guidance, the company became the first to achieve market capitalizations of $1 trillion, $2 trillion, $3 trillion, and $4 trillion, even reaching $5 trillion briefly in July. Key products released during his tenure include the Apple Watch, AirPods, and Apple Silicon. The AirPods, launched in 2016, achieved sales of 118 million units last year, resulting in $26 billion in revenue. Ternus, who joined Apple in 2001, will confront challenges such as AI strategy, a global memory shortage, and geopolitical concerns, with his first significant challenge occurring next week at Apple Park, where new iPhone models are anticipated.

Key facts

  • Tim Cook stepped down as Apple CEO, succeeded by John Ternus.
  • Apple's market value grew from $347 billion to $4.6 trillion under Cook.
  • Apple became the first company to reach $1 trillion valuation.
  • AirPods generated $26 billion in revenue last year, with 118 million units sold.
  • Apple Watch saw record first-time buyers in the September quarter last year.
  • Apple Silicon transition was announced at WWDC 2020.
  • Cook launched Apple Pay, Apple Music, Apple TV, and Apple News.
  • Ternus will unveil new iPhone models next week at Apple Park.

Entities

Artists

Institutions

  • Apple
  • PetaPixel
  • World of Statistics
  • Adobe
  • Garmin
  • Fitbit
  • Intel
  • Google
  • Microsoft
  • Apple's board of directors
  • Creative Strategies

Locations

  • Cupertino
  • Apple Park

Sources