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8h ago

Apple Names Sabih Khan as COO Following AI Researchers’ Departures

Apple’s board remains aligned behind Tim Cook as investors doubt its AI strategy.

Cook has struggled to prove to Wall Street that Apple has an AI strategy that's paying off.
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Apple CEO Tim Cook took the helm of the company in 2011.
Apple CEO Tim Cook

Overview

  • Ruoming Pang and Tom Gunter have left Apple for rival firms, fueling concerns over its generative AI development.
  • Jeff Williams announced he will retire by year-end, with supply-chain chief Sabih Khan selected to succeed him as chief operating officer.
  • Apple’s shares are down about 7.2 percent over the past year, underperforming the S&P 500 and Nasdaq benchmarks.
  • LightShed Partners analysts Walter Piecyk and Joe Galone argue that Apple needs a product-focused CEO to regain momentum in AI.
  • A board dominated by Cook loyalists has shown no intention of replacing him and may even elevate him to chairman.