As Tim Cook prepares to step down as Apple's chief executive officer on September 1, ending a 15-year tenure, investors who backed Apple (NASDAQ: AAPL) when he took over have been richly rewarded.
To help the company reach new heights, John Ternus must take it beyond the supply chain mastery of Tim Cook, who built it into a $5 trillion colossus.
John Ternus takes over as Apple's chief executive on Tuesday, inheriting a company that towers over the smartphone market but trails its rivals in artificial intelligence.
Apple is investing $60 billion in Texas as part of a $600 billion, four-year U.S. manufacturing commitment. A new manufacturing facility in Houston will produce the Mac mini and advanced AI servers.
Tim Cook was no stranger to Apple's earnings calls even before he was asked to temporarily hold down the CEO post for an ailing Steve Jobs.
Apple Inc. remains Berkshire Hathaway's largest holding, reflecting confidence in its compounding power and strategic positioning. In the meantime, AAPL continued consistent growth in FQ3 2026 earnings and confirmed a CEO transition to John Ternus. I am confident about the new leadership to preserve the company's well-established earning power and shareholder return mechanisms.
Apple benefits from high memory prices, expanding market share as competitors pass costs to consumers, reinforcing my strong buy rating. AAPL's Q3 2026 saw 16% YoY revenue growth to $109.42B, with iMac sales leading, and a gross margin of 50.07%, outpacing sector peers. Short-term margin headwinds from input costs and FX are transitory; robust cash flow and liquidity enable AAPL to absorb shocks and drive future services growth.
Apple TV now costs $14.99 per month after a $2 streaming price increase, while the Apple One bundle was also hiked to $21.95.
Apple AAPL stock rose 1.5% on Friday, extending a strong run ahead of the company's September 9 product event. Shares are up roughly 37% over the past year, with investors watching for a refreshed iPhone lineup and the potential debut of Apple's first foldable device.
Apple (NASDAQ: AAPL) stock is in focus as the market expects the company to launch its first foldable iPhone model on September 9.
NVIDIA just posted triple-digit growth and Apple called its strongest June quarter ever, but only one of them will hold the largest market cap on earth when Q3 closes. The gap is narrower than either camp wants to admit.
As Apple Inc. (NASDAQ: AAPL) stock rallied to its all-time high (ATH) in 2026 fueled by the Artificial Intelligence (AI) boom, $10,000 invested in this company at the beginning of the year has delivered double-digit percentage gains.