New Delhi, April 21 -- NEW DELHI: Apple on Monday named John Ternus, its vice-president of hardware engineering, as its next chief executive, succeeding Tim Cook. The transition was expected for later this year, but its timing-and Apple's choice of a hardware leader-comes as artificial intelligence (AI) is reshaping Big Tech.

The move signals Apple's bet that tightly integrated devices will remain central to its strategy, even as rivals push ahead in AI. Mint explains.

Why is Apple changing leadership now?

Cook's exit comes amid a broader wave of leadership transitions across Silicon Valley, though the moves are not directly related.

Adobe chief Shantanu Narayen said on 12 March that he would step down, followed by Netflix cofounder R...