Top Investor Urges Caution as Apple Enters CEO Transition

Apple’s Tim Cook has driven the company from a roughly $350B valuation in 2011 to about $4T, but with Cook’s planned exit, a top investor argues it may be prudent to cash out at a premium amid concerns over iPhone replacement cycles, Vision Pro demand, and a global memory-chip shortage; despite the caution, Apple posted its best quarter yet (Q2 GAAP EPS $2.01, revenue $111.18B, up 16.5%), and Wall Street remains mixed with a Moderate Buy consensus and a ~10% upside to a $299.80 12-month target.