Apple's Next Moneymaker and Tim Cook's Future

Published: Sep 09, 2024 Duration: 00:02:42 Category: News & Politics

Tags : IPhone 16 Artificial Intelligence tim cook Paul Sweeney apple inc. Tom Keene bob iger Mark Gurman Apple glowtime new apple products Walt Disney Co. apple services artificial intelligence (ai) tim cook - business executive

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The services business is interesting because at some point you're going to see Apple move to a more AI infused search engine. At some point, this Google deal that generates about 18 to 22 billion a year from them is going to fall off a cliff because regulators are seriously investigating it. So that's hanging in the balance right now. So you're going to see a little dip, probably. But at some point, when they switch to an AI based search engine, deeper integration with LGBT to replace Google, a new deal with Google Gemini to replace the Google search. Gemini being Google's A.I. service, you're probably going to see things rebound, right? And so I am optimistic long term about the companies services business. The one thing I would say though, is when was the last time you download an app, right? So the app paradigm where people download apps and Apple takes a commission from there that's sort of dwindling. The industry has moved to more of a services and subscription model, right, where people are paying monthly for these things, and that makes this especially more lucrative for the company. They're not making money off of app downloads anymore. They're making money off people subscribing to in-app purchases. Mark Gurman When you look in, it's Tim Cook with Rainbow and they're inside that fancy building and assume you've been in a bunch of times. When you look at that, what's your longevity, your shelf life of Tim Cook? Yeah, there was a Tim Cook's In Session story is one I've been following extremely closely. In fact, following Tim Cook's succession and the succession of Apple's management team is top three in my priority list and has been for the last year. So Tim Cook is pushing 60 for the rest of the Apple executive team. They're in their early to mid sixties. And so you're going to see this massive changeover of Apple management over the next several years. And you're seeing this starting later this year with the CFO, Luca maestri. He's stepping down as CFO at the tail end of this year and he's going to move to more of an advisory role in charge of things that are like information systems, real estate. So a much more my new role compared to what he was doing before. And you're going to see other Apple executives move into these smaller roles over time as well. Tim Cook It can go anywhere. I mean, I've heard people speculate that he's going to leave in the next 2 to 3 years. I have heard believe that he's going to stay until he's 70 plus and pull a Bob Iger. Right. But technology obviously is is a younger person's game. They have an heir apparent there. His name is John Ternus. He's the senior VP of hardware engineering. Truth be told, there's really no alternative to him, to anyone else but him being the new CEO down the road. So I think that plans in place. But it's going to be a scary time when Apple begins that real changeover.

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