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yesterday

LightShed Calls for Product-Driven CEO as Board Stands by Tim Cook

LightShed Partners warns AI delays have hurt Apple’s shares this year after the board promoted Sabih Khan to chief operating officer

Apple's annual Worldwide Developers Conference in Cupertino, California, on June 9, 2025.
Tim Cook, Apple CEO.
Apple CEO Tim Cook.
An Apple store on September 20, 2024, in Kuala Lumpur, Malaysia.

Overview

  • LightShed analysts Walter Piecyk and Joe Galone say Apple needs a product-focused CEO to remedy AI execution failures instead of a logistics-oriented leader.
  • Apple’s shares are down about 16% year-to-date in 2025, trailing gains of 25% for Meta and 19% for Microsoft.
  • Apple confirmed that longtime COO Jeff Williams will step down this month and that Sabih Khan will take over as chief operating officer.
  • Bloomberg’s Mark Gurman reports that Apple’s board remains loyal to Tim Cook and has not identified an immediate successor.
  • Analysts caution that delays to Apple Intelligence features, including an AI-enabled Siri overhaul, risk undermining the company’s long-term growth trajectory.