Tim Cook is in his final weeks as Apple CEO, with John Ternus set to take over the top job on September 1. And per Bank of America analyst Wamsi Mohan, Ternus could usher in a bolder, riskier era at Apple.
John Ternus expected to take more risks as CEO with new products, acquisitions, R&D
Apple’s CEO transition is almost complete. So far, the company has worked very hard to emphasize the continuity Ternus will bring to the role.
But not everyone at Wall Street seems to believe Ternus will follow Cook’s example as closely.
In a research note seen by The Street, Bank of America analyst Wamsi Mohan reiterates a strong ‘Buy’ rating for Apple. And a key part of that endorsement relates to expectations that Ternus will maintain Cook’s legacy while also having a bigger “risk appetite.” Moz Farooque writes:
