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What Apple's CEO shake-up suggests about its upcoming earnings [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Riley Wealth chief market strategist Art Hogan break down what the CEO shake-up could indicate about the company's upcoming earnings results. Video Transcript Speaker A Is Turnus the right person at the right time? Speaker B I mean, he seems to be the safe bet at the moment, uh, given the consistency around hardware. I mean right now about 70 over 70% of Apple's revenues are coming from hardware. So it makes sense that somebody from the hardware space would come in. He's, you know, got a long tenure with the company. So there is a question around innovation. There's also a question around services. Tim Cook has been talking about services for a while, and we really haven't seen that supersized growth from services. Now the reason that services is so compelling is that it gets twice the gross margin of product. And so, you know, I think investors have been waiting to see if this could be something that could jazz up earnings as we look forward. Speaker A Art, do you sell
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- Apple just named its next CEO—and Tim Cook is passing down the same advice Steve Jobs once gave him [Yahoo! Finance][Yahoo! Finance]
- John Ternus prepares to take over Apple after Tim Cook resignation [CBS News][CBS News]
- Apple's head of hardware engineering takes over from Tim Cook [Yahoo! Finance][Yahoo! Finance]
- No pressure: Apple's new CEO needs to be Steve Jobs and Tim Cook at the same time [CNN][CNN]
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