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Fortune

Business

Eva Roytburg

RARE PHOTOS: Apple is slipping on tim cook s exit wall street says buy anyway - The Real Truth

Apple Tim Cook John Ternus Dan Ives Erik Woodring

Newly appointed Apple CEO John Ternus (left) with outgoing CEO Tim Cook in Cupertino, Calif. (Photo courtesy Apple) (Credit: Courtesy of Apple)

Tim Cook is handing Apple to its hardware chief, John Ternus. Wall Street is fine with it; Main Street, less so.

The stock fell nearly 1% to around $270 after Tuesday’s open on news Ternus would succeed Cook on Sept. 1, with Cook transitioning to executive chairman after 15 years as CEO.

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