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Apple CEO Tim Cook confirmed he has no plans to retire, saying he still enjoys leading the company. His comments come amid executive departures and criticism over Apple's AI strategy and Siri delays. Analysts maintain a Buy rating with a $304.58 price target, as shares closed up 0.56% at $254.23.
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00:00It's Benzinga bringing Wall Street to Main Street
00:02Apple CEO Tim Cook said he does not plan to retire and intends to keep leading the tech giant,
00:07according to CNBC. He said he still enjoys the role and does not see himself stepping away.
00:13His comments follow executive departures across AI, legal, and design teams. Critics raised
00:19concerns about Apple's reliance on Google for AI features after Siri delays. Cook said Apple
00:24focused on AI and privacy and is monitoring tariffs after prior cost impacts. As Apple
00:31approaches its 50th anniversary, Cook now leads the company as a $3 trillion giant, reflecting on
00:37its transformation from a struggling business to a global technology leader driven by iconic products
00:42and long-term innovation. Analysts maintain a buy rating with a $304.58 target. Shares were up by
00:500.56% at $254.23 at Tuesday's close, according to data from Benzinga Pro. For all things money,
00:59visit Benzinga.com.
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