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Morgan Stanley rethinks Apple stock ahead of earnings [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Its current CEO, Tim Cook , will step down from the position and be replaced by John Ternus, the firm's senior vice president of hardware engineering. Next week, the iPhone maker will report its fiscal second-quarter earnings on April 30. This is one of the few earnings left with Cook under the CEO position before he leaves on September 1. Leadership change is usually handled carefully because it can worry investors. The timing of this announcement hints that Apple may have positive news to offer. “My gut tells me this was announced before earnings so we can focus on a great quarter with strong fundamentals next week when Apple reports,” Melius's head of technology research Ben Reitzes wrote in a research note, CNBC reported . “Cook was CEO a long time and likely wants to leave on a high note.” In the upcoming earnings, Investors are weighing steady demand across iPhone and other devices against rising cost pressures, especially in memory components, which could squeeze margin
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