On his last day as Apple CEO, Tim Cook sends memo to employees

Tim Cook signed off as Apple chief executive on Monday the way he ran the company for 15 years, calmly and with the credit pushed elsewhere. In a farewell memo to Apple employees on his final day in the job, Cook wrote that this was a moment he always knew would come, and that it was still hard to believe he was writing the words. John Ternus takes over as Apple CEO on September 1.The Tim Cook memo is notable for what it leaves out. There is no product tease, no roadmap, and no mention of AI, regulation or China, the three pressures that will shape Ternus's first year. Instead Cook spends most of it thanking staff, arguing that Apple's culture is the thing an annual report can never capture, and reaching back to Steve Jobs and his line about leaving a dent in the universe.