Reported 2 days ago
Analyst Walter Piecyk from LightShed Partners argues that Apple CEO Tim Cook should be replaced by a more product-focused leader, asserting that Apple 'fooled' investors regarding its AI ambitions during last year's WWDC. The company's recent performance has been lackluster, particularly with an 8% revenue decline in China and weak sales in the Wearables and Home segments. Despite Apple's strong ecosystem and loyal customer base, competitive pressures and challenges with its new AI offering raise concerns among investors.
Source: YAHOO