JPMorgan views the “highly-awaited change of guard” at Apple (AAPL) positively. with John Ternus is a product focused executive at a time when Apple faces intense market competition to deliver next generation form factors within smartphones and beyond, the analyst tells investors in a research note. The firm says Apple will continue to benefit from Tim Cook’s leadership with policymakers globally. JPMorgan has an Overweight rating on the shares.
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