Apple's Foldable Future: Will New CEO Deliver?
Apple's stock is expected to receive a boost from its first major event under new CEO John Ternus, where it will unveil a foldable iPhone among other products. The device is seen as a potential game-changer for the tech giant, which has been struggling to regain momentum after a decline in sales.
Under former CEO Tim Cook, Apple's stock rose 2,258% during his tenure, but Ternus is expected to focus on hardware and innovation. However, investors will be watching to see how he balances growth with shareholder-friendly uses of capital, as seen in Dell's approach to rewarding investors through dividends.
Dell's dividend growth rate is expected to outpace Apple's at 17% over the next three years, compared to Apple's 5%. Warren Buffett, a long-time Apple investor and former Berkshire Hathaway CEO, may take note of this development.