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Not share price, not performance, here's what Apple's management exodus hints for the tech giant's future

Apple has seen a flurry of exits or impending exits from its top management chairs in the past weeks. And a Yahoo Finance report noted that while a quick succession of exits, usually signifies a sinking boat, there could be more to this situation. These exits come even while the tech giant reported impressive quarterly numbers on back of its latest iPhone sales, its market cap has risen over $4 trillion and will the stock price at near all-time high.

Not share price, not performance, here's what Apple's management exodus hints for the tech giant's future

Credit: Livemint

Key Highlights

  • So, the pattern to check for is the impact of those leaving and in which spaces, as per the report.
  • The report added that Apple has been under pressure to perform in the AI space but has fallen behind, even as the tech is touted to have landscape altering impact that computers and internet brought to the world.
  • Besides this, CEO Tim Cook is nearing retirement age and there is big speculation over who will, or can, take over after front-runner Jeff Williams left.
  • Notably, Apple has not explicitly said that executive changes are AI development based, but most of those on their way out, have been highly associated with its AI products integration or design aspects.
  • Deepwater Asset Management managing partner and longtime Apple watcher Gene Munster told Yahoo Finance, “I think that the changes that have happened are largely because Cook wants to shake things up.
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Sources

  1. Not share price, not performance, here's what Apple's management exodus hints for the tech giant's future

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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