Bloomberg reports (paywalled) that Apple’s hardware chief John Ternus is the frontrunner to replace Tim Cook as CEO, as Cook nears retirement and prepares to transition into a board chairman role. The Economic Times reports: Cook is turning 65 next month. Chief operating officer John Williams — once heir apparent — has handed over the reins of day-to-day operations to Sabih Khan and is on his way out. Even as Cook steps down as CEO, he will stay involved in some…

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