After more than a decade at the helm of the world’s most valuable company, Tim Cook may soon be ready to pass the torch. According to a report by the Financial Times, Apple has quietly begun stepping up its succession planning efforts, signalling that Cook’s time as CEO could come to an end as early as next year. And while no official announcement has been made, one name is already emerging as the frontrunner to take over: John Ternus, Apple’s Senior Vice President of Hardware Engineering, the man behind some of the company’s most iconic products.

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Cook, who turned 65 this month,

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