“Is Apple secretly searching for a new chief executive to replace Tim Cook? ,” Gene Marcial reports for Forbes.
“Some Wall Street sources close to some Apple executives say such a move is afoot, although there’s yet no available evidence that the board of the once-mighty top tech-innovator is officially in such a game-changing mode,” Marcial reports. “But if it isn’t yet pursuing such a goal, it should, according to some big stakeholders, who have trimmed their Apple holdings.”
Marcial reports, “They assert privately that it’s time for Apple to oust Cook. Under his tenure Apple shares rose to an all-time peak last September, but they have since been cut nearly in half… unless Apple CEO Cook announces something really dramatic in new products or astronomical earnings on Tuesday, the stock will surely decline even more. And so will Tim Cook’s standing with shareholders and investors — and Wall Street. That may finally signal his exit.”
Read more in the full article here.
MacDailyNews Take: Specious.