News Summary

• During his 15 years as the head of Apple, Tim Cook grew the company’s market cap from $350 billion to $4 trillion.
• What he didn’t do was build products.
• During his tenure, his company became a massive player in payments and banking, notably with Apple Wallet and the Apple Card.
• It remains to be seen if anything will change under Cook's successor, John Ternus, who has a reputation as a decisive, product-first executive.
• The power of crypto lies in its decentralized nature, and its success has never been—or should be—tied to a giant corporation.