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    "headline": "Tim Cook's Apple CEO John Ternus Faces AI Innovation Test",
    "dek": "John Ternus succeeds Tim Cook at Apple and faces immediate pressure to deliver AI-driven innovation.",
    "prose": "John Ternus became the new CEO of Apple Inc. on Tuesday, succeeding Tim Cook who served as chief executive officer since August 24, 2011. [^1]\n\nTim Cook stepped down as CEO of Apple Inc. on Tuesday, handing over leadership to John Ternus. [^2]\n\nApple's stock price surged 2,275% since Tim Cook took over from Steve Jobs in 2011, and total returns including dividends reached 2,736%. [^3]\n\nJohn Ternus is expected to unveil a foldable version of the iPhone at a critical event next week. [^4]\n\nApple's market capitalization grew from under USD 350 billion when Cook took over to over USD 4.6 trillion, making it a diversified business selling iPhones, Macs, watches, and AirPods. [^5]\n\nDuring Cook's tenure, Apple's total return on stock reached 2,716%, significantly outperforming the S&P 500's 757% gain over the same period. [^6]\n\nUnder Tim Cook's leadership, Apple's stock price increased by 2,258% from August 24, 2011, when he succeeded Steve Jobs. [^7]\n\nApple's stock has benefited from its image as an anti-AI play during periods of angst over the technology, with a 40-day correlation to the S&P 500 turning negative for the first time in more than a decade. [^8]",
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