Apple CEO Tim Cook confirms he will step down

We are hearing reports that Apple insider ​John Ternus has been named the next CEO of the tech giant as Tim Cook ends a nearly 15-year reign leading the iPhone maker. A long-time hardware chief, Ternus joined Apple in 2001 and has recently been responsible for overseeing the company's hardware engineering efforts. Tim Cook is stepping down from the job that he inherited from the late Steve Jobs.