Apple will see a shake-up in its management positions as Tim Cook is now stepping down as the CEO of the company and will serve as the executive chairman of the board of directors.

With this, Apple also announced that it has already named its next chief executive officer, with John Ternus, the company's current senior vice president of Hardware Engineering, set to replace Cook.

Tim Cook to Become Apple's Executive Chairman

In a new Apple Newsroom post, the Cupertino tech giant has confirmed that Tim Cook will be stepping down as Apple's CEO, which will take........

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