Apple soars past Wall Street expectations as CEO Tim Cook prepares to step down
Company reported $111.2bn in revenue in first earnings report after announcement of Cook’s pending departure Apple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down. Cook reported Apple’s “best March quarter ever” and “double-digit growth across every geographic segment”. He also noted “extraordinary demand for the iPhone17 lineup”.
Company details $111.2bn in revenue in first earnings report after announcement of Cook’s pending departure
Apple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down.
Cook shared his thoughts about the leadership transition on Thursday, saying: “There’s no one on this planet I trust more to lead Apple into the future” than incoming CEO John Ternus. Asked by an investor what advice he has given Ternus, Cook said: “Never forget the north star for the company. You know, we’re about making the best products in the world that really enrich other people’s lives.”
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