“We point out that Steve Jobs is leaving the CEO role with Apple producing record revenue and profits, and capturing the #1 position as the world’s largest smart phone maker this summer,” BGC Partners analysts said in a note Thursday.
“He is also stepping down at a point that allows Tim Cook to enjoy the success of the pending product refreshes including a new iPhone, the potential for a lower cost model of an iPhone, and the potential for expansion to new major carriers in countries such as China,” they wrote.
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