Apple Inc. CEO Tim Cook to step down as John Ternus takes over. Click for this updated look at AAPL stock following the latest news and an earnings preview.
Summary
- Apple Inc. CEO Tim Cook will step down later this year, succeeded by John Ternus, signaling a major leadership transition.
- AAPL maintains strong fundamentals with robust iPhone sales, expected 15% Q2 revenue growth, and significant capital returns.
- Valuation remains elevated at 31.75x 2026 EPS, trading at an 18.7% premium to Big Tech peers, potentially limiting near-term AAPL upside.
tang90246/iStock Editorial via Getty Images
After the bell on Monday, we received some major news from Apple Inc. (AAPL). The technology giant revealed that long time CEO Tim Cook would be stepping down from his position later
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