Tim Cook will step down as Apple's CEO on September 1, with hardware engineering lead John Ternus set to take over. The transition follows Cook's full memo to Apple employees, shared by 9to5Mac, in which he reflects on his tenure, expressing deep gratitude for the team and affirming that Apple's success stems from its people and shared values. Cook emphasizes that Apple's culture—rooted in purpose, care, and the belief that their work leaves a 'dent in the universe'—was cultivated by employees long before his leadership.

He notes he is not leaving Apple but stepping away from the CEO role he loved, expressing peace with his decision and excitement for Ternus's leadership. Cook also shared a social media message to customers, reaffirming his enduring love for the Apple community despite his title change. The memo underscores his belief that collective effort, not individual achievement, defines Apple's legacy.