From Cook to Tenas: Apple’s power handover might just be a capital game

For many times, swapping CEOs isn’t a strategic turning point—it’s just an update to the capital narrative.
If Apple truly lets Tenas take over, essentially it’s sending a signal to the market: “We’re entering a new stage.”
But note: this “new stage” may not happen right away. The company can change slowly, but the stock price will move first.
The moat built during the Tim Cook era won’t disappear: brand, ecosystem, supply chain—these are long-term advantages.
So what you see in the short term may just be “a different person telling the story”; in the long term, it’s “whether the script changes.”
— One gut-punch summary: CEOs can be replaced, but Apple’s pace is hard to suddenly change faster. #特纳斯接任苹果CEO