What Happens to Apple After Tim Cook Steps Down?

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2:04Rashad Bilal:Tim Cook has stepped down as CEO of Apple. So that's something that I know you've been talking about a long time, Ian, as far as you advocated for him to leave as CEO. So the day has come, he has stepped down, and obviously that's a big, you know, that's big. He's one of the most iconic CEOs of our generation. Apple, one of the most successful companies in human history. It's a new day. It's a new day. A lot of people complained about the innovation, the lack of innovation from Apple. So what does Tim Cook leaving mean?

2:49Rashad Bilal:a new era for apple and i know a lot of you thought from the headlines i was going to come in and gloat but at first i want to highlight some of the like things that he's done because if you remember the day that steve jobs died um i remember my dad calling me he's like yo steve jobs died how you feel he knew i was an avid fan the stock was on a volatile tear so he brought structure to a Steve jobless company. You got to give him his credit. The first company to hit a trillion dollar valuation, two trillion, three trillion, made that a four trillion dollar economy, 1900 percent return in 15 years, largest buybacks, partner with Icon to kind of get some of those things in order.

3:38Apple Watch services, AirPods, and brought legitimacy to a company that was not well

3:50Rashad Bilal:respected upon Wall Street before his tenure. As to the innovation part, shout out to everybody that I've had a chance to talk to at HQ today. One of the greatest parts that's tough about being and the leader, and you guys talked about it at the top of the show, is the power of relationships. So somebody dropped me a little anecdote. I know you were on him about not investing in open AI and missing out on Anthropic, but what if hypothetically he was blocked from both? It's telling. He made some enemies along the way that may have prevented him from getting into some of these investments. So greatest operator in our era, for sure.

4:38Rashad Bilal:One of the greatest tech executives ever built. One of the best supply chains ever. I think he's leaving Apple in great hands. He's still going to be executive chairman, which I said he should be. And there's even some rumblings. he's positioned very well to maybe even take over as CEO of Nike in a couple of years. Talk about a hell of a turnaround story that would be if he can leave the legacy and build that infrastructure and take the infrastructure over to a dying American brand. So before I get to my I told you souls, I want to give him credit not only for making Apple a legitimate company, but he was partially responsible for a lot of my wealth creation from when I invested in Apple very early.

5:26Rashad Bilal:And I think he faced some headwinds and challenges that he could not get over. Now that that's out the way.

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