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Apple: Tim Cook Exits At The Top

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Update - June 8, 2029

Based on news out of WWDC 2026, Apple continues to fail to deliver a functioning AI experience for the iPhone. The Siri AI now plans to work with the Google Gemini LLM on a private cloud, but the system won't reach Beta testing until later this year. 

Deepwater analyst Gene Munster 

-Craig says Siri AI in beta later this year, which explains the sell off. Investors wanted it in September. That means the real version is likely early to mid 2027. Funny that the stock actually ticked up 0.5% on the "beta later this year" update given while it's later than what they wanted, it is at least a date that investors can focus on.

The stock trades at 35x FY26 EPS targets while the company still has no real AI product. 


Original article posted on Apr. 29 

  • Apple Inc. faces a challenging transition as Tim Cook exits and John Ternus assumes the CEO role.
  • The iPhone replacement cycle appears to be ending with the March quarter, raising concerns about future growth.
  • The tech giant still doesn't have a viable AI strategy, supported by a prediction of weak App Store revenue.
  • The stock now trades at over 31x FY26 EPS estimates, due to revenue growth lagging the stock’s nearly 1,900% rise under Cook.
Apple Inc. (AAPL) heads into the seasonally slow period with Tim Cook set to exit the CEO position now. The tech giant is not in a particularly strong operational position, with constant failures in implementing AI. My investment thesis remains ultra-bearish on the stock as the iPhone replacement cycle ends, and the future sales catalyst is unknown.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Comments

Krish Narwani said…
This article offers an engaging perspective on a major moment in the tech industry. The content is well-structured and provides readers with valuable insights into leadership changes and their potential impact on the future of innovation

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