Tim Cook Steps Aside – What's Next for Apple
4/21/202624 min
It wasn't a complete surprise, but Apple (NASDAQ: AAPL) CEO Tim Cook is stepping aside and the company's current head of hardware, Jon Ternus, will be taking the helm in September. In this episode, the team discuss Cook's legacy, the biggest challenges and opportunities for the new leader, and more. Tyler Crowe, Matt Frankel, and Jon Quast discuss:
- Tim Cook and his accomplishments at Apple
- Apple's new CEO and what his biggest challenges are
- Whether the S&P 500 will include SpaceX after it goes public
- AST Spacemobil and its opportunities Companies discussed: AAPL, ASTS, RKLB Host: Tyler Crowe Guests: Matt Frankel, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Transcript preview
First 90 secondsTyler Crowe· Host0:00
[upbeat music] Apple's about to get new leadership. This is Motley Fool Money. [upbeat music] Welcome to Motley Fool Money. I'm Tyler Crowe, and today I'm joined by longtime Fool contributors Matt Frankel and Lou Whiteman. We've been asking for questions from listeners all along. And first, thanks to everyone who's been sending. We love it, and we're getting a ton of them. So we're gonna actually tackle a couple of mailbag questions today related to the SpaceX IPO and our thoughts on AST SpaceMobile. But first, we wanna discuss the big news that came out yesterday, and that's Tim Cook is stepping down. Yesterday, Apple announced a transition plan where Cook will become the executive chairman of Apple, and John Ternus, who was the head of, uh, head of engineering for our hardware, will take over, uh, for the CEO role starting in September. Now, I'm not gonna say this came completely out of the blue. Cook had been the CEO for close to sixteen years, and he was in operating roles at the company since the dot-com days. And there were some breadcrumbs that Ternus would be the next in line. You know, for a company that seems like a rock of stability, it had quite a few retirements and transitions in the suit- C-suite over the past year, and less than a month ago, there was a long Bloomberg article published that was talking about Ternus being the heir apparent. Now, we're not eulogizing Cook here, but as we