Apple Board Preparing to Replace CEO Tim Cook Next Year: FT

Apple's board of directors is preparing to remove CEO Tim Cook from his position next year and is already looking for his replacement. The Financial Times reports this, citing its sources.

Cook, who is already 65 years old, has been leading the tech giant since 2011, succeeding the company's co-founder Steve Jobs in that position. During his tenure, Apple has recorded unprecedented financial growth: the total value of the company's shares has increased from $350 billion to a record $4 trillion.