Apple names next CEO: Analysts see product-focused era ahead [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
hardware engineering chief John Ternus set to succeed him as the company's third CEO since 1997. Analysts broadly welcomed the transition, characterizing it as well-telegraphed and strategically sound given Ternus's 25-year tenure at the company. Morgan Stanley's Erik Woodring stated in a note that the change is "unlikely to alter Apple's core strategy/vision across hardware, services, software, capital returns, or vertical integration," but highlighted that a CEO transition could fuel renewed investor optimism given the potential for longer-term change. The bank expects to learn more about Ternus's vision on AI, new markets, and supplier diversification in the coming quarters. Melius Research analyst Ben Reitzes said the timing (announced ahead of Apple's April 30 earnings report) was the only surprise. "My gut tells me this was announced before earnings so we can focus on a great quarter with strong fundamentals next week," Reitzes wrote. He reiterated a buy rating and $
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