Prediction: Apple Stock Will Flourish Under New CEO
For the first time in 15 years, (NASDAQ: AAPL) is set to get a new voice at the top, with Tim Cook stepping down as CEO in September 2026 and transitioning to executive chairman. While the news came as a surprise, I think it will be good for the company and its stock.
Cook did a nice job stepping in for Steve Jobs after he passed away. He led Apple to become the first trillion-dollar market cap company in 2018 and saw the stock grow in value more than 20-fold after taking over. He oversaw solid new introductions with the Apple Watch and Airpods, while Apple's margins expanded nicely as a higher percentage of revenue has come from its high-gross-margin services business.
Image source: The Motley Fool.
Source Fool.com
Apple Inc. Stock
€264.80
0.000%
Our community is currently high on Apple Inc. with 73 Buy predictions and 7 Sell predictions.
As a result the target price of 280 € shows a slightly positive potential of 5.74% compared to the current price of 264.8 € for Apple Inc..
