Apple CEO Tim Cook Hosts Final Earnings Call, Confirms Smooth Transition to John Ternus; Market Cap at $5

Tim Cook chaired his final quarterly earnings call for Apple, formally bidding farewell to shareholders and analysts. Breaking with the usual routine, Cook set aside time to share his reflections and discuss the handover with his successor, John Ternus. Cook stated that this earnings call was his last as host, and that John Ternus would take the helm going forward, with the transition progressing smoothly. Cook expressed confidence in John's ability to lead Apple into a new phase, before returning to the standard agenda to answer analyst questions.

Since taking over as Apple CEO in 2011, Cook has hosted more than 60 earnings calls over 15 years, never missing a single one. During Steve Jobs' tenure, Cook also assisted in hosting earnings calls, witnessing the explosive growth of Apple's financial performance. Today, Apple's business scale has expanded significantly, and its market capitalization recently reached the $5 trillion milestone.

As the handover continues, Apple is set to formally enter a new phase under the leadership of John Ternus.