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Stock impact report

Apple's pick to replace Tim Cook hints at its plans for the AI era [CNN]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: CNN
Apple's announcement Monday that CEO Tim Cook will step down and John Ternus will take over signals a significant shift for Apple: The company is betting its future on the most rapidly evolving technology in the history of computing. Apple is still flying high on the iPhone's success, which helped it become one of the few publicly traded companies to reach a $4 trillion market value last year. Cook expanded the iPhone beyond a mere product into a foundation for new business segments like wearables, digital services and health. Ternus will have to figure out Apple's next path – and he'll have to do it as AI reshapes technology and the way people use it every day. The bar for Apple is especially high given its track record of class-defining products, including the smartphone, smartwatches and tablets. Apple has rolled out a suite of AI-powered features for the iPhone, Mac and iPad that can do things like erase unwanted objects from photos, summarize messages, generate images and Show less Read more
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