Tim Cook's AI Reset Will Pay Off, Gene Munster Says— Predicts Apple's Top Mag 7 Performance
Gene Munster from Deepwater Asset Management believes that Apple's recent leadership changes, including the departures of CFO Luca Maestri and COO Jeff Williams, are part of a strategic reset by CEO Tim Cook to enhance the company's focus on artificial intelligence. Munster predicts that Apple will outperform its peers in the Magnificent 7 through the spring, supported by strong iPhone sales and a robust ecosystem of 1.3 billion devices. In its latest quarter, Apple reported revenue of $102.47 billion and earnings of $1.85 per share, exceeding analyst expectations.