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With Apple Back on Top, CEO Tim Cook Preps for Earnings Curtain Call
['Brian Boyle']
The Daily Upside
In his final earnings call as Apple CEO, Tim Cook is leaving the Mac-maker exactly as he found it: the biggest company in the world by market value.
As Cook bows out and incoming CEO John Ternus prepares to take over, the company seems to have a renewed focus on what it has always done well: consumer products.
Despite raising prices on iPad tablets and computers, Apple has held the line on the iPhone, a gambit that has paid off.
Simply put, downstream players have less pricing power and less resilient customers than Apple.
Scroll Now, Pay Later: Analysts expect Apple to raise the price of iPhones eventually, but the company has a plan to maintain sales volume, too.