“One of the most important succession plans in corporate history will hit a milestone this week,” Steven Russolillo writes for The Wall Street Journal. “Five years ago, Apple Inc.’s iconic and visionary co-founder Steve Jobs passed the torch to his handpicked successor, Tim Cook. The official transition took place six weeks before Mr. Jobs passed away.”
“Now Apple is the world’s largest company by market value and remains one of the most influential. Its $53 billion in net income last year was greater than the combined earnings of technology behemoths Facebook Inc., Google’s parent Alphabet Inc., Amazon.com Inc. and Microsoft Corp.,” Russolillo writes. “At the same time, though, Apple’s growth is slowing, its stock is stagnating and it is facing more concerns than ever about its future. Underscoring all of this is one key question that Mr. Cook will likely never escape: Are Apple’s best days behind it?”
“Its valuation is cheap, but it has been cheap for years,” Russolillo writes. “The worry that Apple doesn’t have another truly revolutionary product up its sleeve is what weighs on the stock.”
Read more in the full article here.
MacDailyNews Take: Those who are worried that Apple after Steve Jobs doesn’t have revolutionary products up its collective sleeve do not understand Apple Inc. nor do they wear an Apple Watch.