Reported about 6 hours ago
Apple CEO Tim Cook's recent stock sale of nearly $50 million has raised eyebrows among investors, particularly given the anticipation surrounding the iPhone 16 launch and ongoing AI developments. Despite this decision, analysts believe it relates more to diversifying his wealth rather than a sign of distrust in Apple's future growth, especially as significant projects in artificial intelligence are underway. Other Apple executives also sold shares, prompting discussions on the motivations behind such moves amidst changes in market expectations.
Source: YAHOO