"In the first week of Q1 earnings calls, 49 companies reported results and 76% of them beat earnings estimates, according to Bank of America's Savita Subramanian."
"Tim Cook is stepping down as CEO in September in favor of John Ternus, the company's senior vice president of hardware engineering. The company has been failing to deny that Ternus was Cook's heir since last year."
"Cook was long dogged by unfair comparisons to Apple's founder, Steve Jobs. Jobs was the visionary who gave us the iPhone, the iPod, and the iPad. Cook was dismissed as 'the operations guy,' an incrementalist who failed to introduce a revolutionary new hardware product."
Oil is priced at $95 per barrel, with S&P 500 futures up 0.18% before the New York open. The index closed down 0.24% yesterday but is up nearly 4% year-to-date. In the first week of Q1 earnings calls, 76% of 49 companies beat earnings estimates. Tim Cook will step down as CEO of Apple in September, with John Ternus succeeding him. Cook faced criticism for not being as innovative as Steve Jobs, yet shareholders have no complaints about the company's performance.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]