Apple (NASDAQ: AAPL) is undergoing a transition.
CEO Tim Cook is stepping down from his position, and John Ternus will be taking over in September
It’s a monumental move for the business, and it could mark a significant shift in its strategy moving forward. While it may not be clear how the business may be different under Ternus, the company may have dropped a big hint as to how its growth strategy may change on its recent earnings call. Could Apple be more aggressive on M&A?
Apple’s growth strategy hasn’t been particularly aggressive in mergers and acquisitions (M&A), making only modest deals. It’s largely relied on building out its own ecosystem and generating more revenue from existing customers. However, now with many investors demanding more from its artificial intelligence strategy, there may be more pressure for it to make a big move, especially given its growing cash pile.