Apple Appoints New CEO and Hardware Chief Amid Strategic Shift
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 15 hours ago
0mins
Should l Buy GOOGL?
Source: CNBC
- Executive Transition: Apple has announced that hardware chief John Ternus will take over as CEO on September 1, succeeding Tim Cook, indicating a significant leadership change that may impact the company's strategic direction.
- Chip Strategy Enhancement: Johny Srouji has been appointed as Chief Hardware Engineer, overseeing the development of Apple's in-house chips, signaling the company's commitment to reducing reliance on external suppliers and strengthening its autonomy in chip design.
- AI Capability Boost: Apple's chip team has scaled to thousands of engineers focused on enhancing AI performance on devices, which is expected to further solidify its competitive edge in the smart device market.
- Supply Chain Localization: Apple has committed to a $600 billion investment in the U.S. to establish an end-to-end silicon supply chain, reflecting its emphasis on American manufacturing while potentially enhancing supply chain stability in the global market.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 332.290
Low
305.00
Averages
374.25
High
400.00
Current: 332.290
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Value Delivery Model: The new group will provide an end-to-end experience through joint teams, co-funded value assessments, and outcome-based models, reducing upfront investment while ensuring measurable results, thereby enhancing clients' AI application capabilities.
- Integration of Industry Insights: Google Cloud and McKinsey teams will collaborate to develop AI-powered solutions built on Google Cloud, leveraging McKinsey's industry insights to create reusable proprietary assets that accelerate time to value and support scaled adoption.
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See More
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