Apple (AAPL) has remained one of the safest long-term bets for years. The company has built an empire around the iPhone, expanded into wearables and services, and generated consistent earnings and cash flows. Despite its massive scale and an extremely loyal customer base, the company is entering a critical phase. The next few years might not be just about new iPhones. Artificial intelligence (AI) has changed the game for tech companies, and now it is about who can raise the stakes to get ahead in this race. In my previous article I discussed how Apple is falling behind in AI compared to its tech rivals.
So far this year, AAPL stock has climbed 14.61%, closing in on the tech-heavy Nasdaq Composite Index ($NASX) gain of 14.33%. The one decision that could make or break Apple stock over the next few years now depends on the new CEO John Ternus.