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Apple CEO Tim Cook has outlined three key reasons behind his decision to step down as CEO in a message to employees. He pointed to the need for a ready product pipeline, a planned leadership transition, and confidence in successor John Ternus. Cook said the move follows long-term planning and added that he will continue to support Apple in his new role as chairman.

Apple CEO Tim Cook will be succeeded by John Ternus in September, marking the end of a tumultuous era for the company. Cook, who took over after Steve Jobs' death, struggled to shake off the perception that he was not as innovative as his predecessor. The company's recent products, including the HomePod and Vision Pro [...]