The soon-to-exit Apple CEO went all in on services. Now, the incoming CEO, John Ternus, will need to embrace the AI era.

Apple Inc. AAPL is entering a new era as longtime chief Tim Cook prepares to hand the reins to hardware chief John Ternus amid rising pressure to deliver on artificial intelligence. Analysts See Stability — But Rising AI Pressure Deepwater Asset Management's managing partner Gene Munster described the transition as expected rather than disruptive,

Analyst Dan Ives says Tim Cook's exit as Apple CEO raises questions amid the company's major AI strategy push, calling the timing a surprise move.