Al Gore To Leave Apple Board After 21-Year Run; Company Reveals CEO Tim Cook’s Pay Dropped 36% In 2023 After Shareholder Pressure::Former Vice President Al Gore will exit Apple’s board of directors, the company said in an SEC filing that also revealed a pay drop for CEO Tim Cook.
About 50% of Apple revenue comes from iPhones. So if an iphone sells less then expected it’s a big impact on the company and stock price. The iPhone 15 was OK, but not innovative or interesting enough for people to ditch the previous one and get a new phone.
Also investors really look at future growth, so when the main product they sell shows signs that the end of growth has been reached they are not happy.
In reality the only thing that has unlimited growth is cancer, I just like to add this…