Ryan VlastelicaSep 2, 2026 – 2.03amApple’s Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets.The shares soared 2258 per cent under Cook, who took over from legendary founder Steve Jobs after the close of trading on August 24, 2011. Cook inherited a company with a market capitalisation of less than $US350 billion ($489 billion) and built the maker of iPhones and Mac computers into a diverse $US4.6 trillion business that also sells watches, AirPods, and financial services.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles