Apple held a farewell party for Tim Cook, who will step down as CEO and become executive chairman on September 1, at Apple Park in Cupertino, California, last Sunday (August 23). In his speech, Cook uncharacteristically publicly mentioned his partner, Mike. John Ternus, head of hardware engineering and incoming CEO, spoke at the party. Insiders revealed that Apple's top management does not expect major changes in the short term, and the keyword for the power transition is "continuity."