Apple chip leader Johny Srouji said in a memo to staff on Monday that he doesn't plan on leaving the company. Bloomberg reported on Saturday that Srouji had told CEO Tim Cook that he was considering leaving.
A section of Wall Street has turned bullish on Apple (NASDAQ: AAPL) stock, citing expectations of renewed momentum as the company increases its focus on artificial intelligence.
Recently, Zacks.com users have been paying close attention to Apple (AAPL). This makes it worthwhile to examine what the stock has in store.
Wedbush has lifted its price target on Apple Inc (NASDAQ:AAPL, XETRA:APC)to $350 from $320, arguing that 2026 is shaping up to be a pivotal year in which the company finally joins the front rank of the artificial intelligence race. In a detailed note, the broker says strong iPhone 17 sales, including in China, point to Apple outperforming revenue expectations for the December quarter and heading into the new year with momentum.
It's no secret Dan Ives is a tech bull, though he sees even more upside from his previous price target on Apple (AAPL). The Wedbush analysts now sees $350 in the cards for the Mag 7 stock, up from $320.
The wave of executive departures hitting Apple recently may not yet have crested. Johny Srouji, senior vice president of hardware technologies, recently informed CEO Tim Cook that he is thinking seriously about stepping down in the near future, Bloomberg News reported Saturday (Dec. 6), citing sources familiar with the matter.
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2025 has been a wild year for Apple investors. The stock was out of favor earlier in the year, as investors believed it was lagging behind in AI.
Apple's Services segment surged 15% YoY to $28.8B, outpacing overall revenue growth and reducing dependence on volatile hardware sales. The company's 2.35-billion-device ecosystem and strong iPhone 17 demand underpin recurring high-margin revenue expansion and reinforce long-term profitability. Exceptional efficiency metrics, 26.92% net income margin, and a 171.42% ROCE, enable Apple to self-fund rapid AI-driven CapEx growth.
The recent series of executive departures from Apple has reportedly been accompanied by moves further down the org chart. Those moves include dozens of employees who left Apple for OpenAI and Meta in recent months, the Wall Street Journal reported Friday (Dec. 5), citing its study of LinkedIn profiles.
Apple (AAPL) has an impressive history of swift increases, with rallies exceeding 30% within a period of less than two months during years like 2010, 2019, and 2024. Significantly, there were two instances where gains surpassed 50% within about two months, specifically in 2012 and 2020.
India's government is reviewing a telecom industry proposal to force smartphone firms to enable satellite location tracking that is always activated for better surveillance, a move opposed by Apple, Google and Samsung due to privacy concerns, according to documents, emails and five sources.