Apple Inc. has been hit with its third downgrade of 2024 amid concerns over the company's 'full valuation.' Redburn Atlantic analyst James Cordwell, who issued the downgrade, cited growth in iPhone sales this year but warned of limited upside in the coming years. In corporate governance developments, Apple announced that long-serving board members Al Gore and James Bell, both of whom have reached the board's retirement age of 75, will retire after more than 20 years of service. They will be succeeded by Dr. Wanda Austin, the former president and CEO of The Aerospace Corporation. Additionally, Apple CEO Tim Cook's total compensation for 2023 was $63.2 million, a significant reduction from the $99.4 million he received in 2022.
Apple Board of Directors shuffle sees Al Gore & James Bell retire https://t.co/P9Doc3d4x8 #Apple
Former Vice President Al Gore will retire from Apple’s board of directors after more than 20 years with the company. https://t.co/wtcwb6PDbR https://t.co/NivSp1TJ27
Apple CEO Tim Cook Earned $63.2 Million in 2023 https://t.co/vtJMKUNPFK https://t.co/QRCRji01Ac
Al Gore officially too old to serve on Apple board https://t.co/sjApPpuZaM
Longtime Apple board members Al Gore and James Bell are retiring https://t.co/mvWKbtHMWG https://t.co/mvWKbtHMWG
Al Gore To Leave Apple Board After 21-Year Run; Company Reveals CEO Tim Cook's Pay Dropped 36% In 2023 After Shareholder Pressure https://t.co/43TV9THiF3
Apple CEO Tim Cook's total pay drops to $63 million for 2023 https://t.co/sRFbLjX1LT by @ChanceHMiller
Apple says longtime directors Al Gore and James Bell are retiring from the board https://t.co/GamdsdrOKw
Al Gore, James Bell to Leave Apple Board; Wanda Austin Joining https://t.co/PB3ftwj8xV https://t.co/Y7r26NcVqA
Apple said longtime directors Al Gore and James Bell will retire from the board https://t.co/qHMlRonYeC
Wanda Austin to Join Apple’s Board of Directors, As Al Gore and James Bell Retire From Board https://t.co/DUzFMz2yKf https://t.co/cS4YR0vkSi
Wanda Austin to Join Apple’s Board of Directors, As Al Gore and James Bell Retire From Board #applenews https://t.co/DUzFMz2yKf https://t.co/xQphyKeB85
Longtime Apple board members Al Gore and James Bell are retiring from the board https://t.co/xSrekoyJm5
As Al Gore and James Bell reach the Apple Board of Directors retirement age of 75, Dr. Wanda Austin joins the board. #Apple By @hillitech https://t.co/ukfViFw02I
Apple says Al Gore and James Bell will retire from its board this year, and Wanda Austin, ex-president and CEO of The Aerospace Corporation, will join the board (@julipuli / MacRumors) https://t.co/0Nof7UUSLh 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/eY8sAcc5nc
Apple's board of directors undergoing reshuffle as Al Gore and James Bell step down - https://t.co/onyqY7W2y7 by @omarmoharram21
Apple $AAPL CEO Tim Cook received total compensation of $63.2 Million in 2023 down from $99.4M in 2022 https://t.co/wjc8wTjTlT
Apple $AAPL CEO received total compensation of $63.2 Million in 2023 down from $99.4M in 2022 https://t.co/sQyfuOxOzW
Apple reveals Al Gore and James Bell are retiring from its board of directors, Dr. Wanda Austin to join https://t.co/ylw5Lb7G24 by @ChanceHMiller
Al Gore and James Bell to Retire From Apple's Board of Directors, Dr. Wanda Austin to Join https://t.co/Hx37fYu9z7 https://t.co/F9byFt5ukA
APPLE DIRECTORS AL GORE & JAMES BELL TO RETIRE
NEWS: Al Gore, James Bell to retire from Apple’s board.
Apple $AAPL got its third downgrade for the month as Redburn Atlantic analyst James Cordwell downgraded the stock. The analyst has predicted growth in the sale of iPhones this year but sees limited upside in the coming years #apple #stocks #stockmarket https://t.co/8cYQ0MmUQX
⚠️JUST IN: *APPLE HIT WITH THIRD DOWNGRADE OF 2024 AMID WORRIES OVER 'FULL VALUATION' $AAPL https://t.co/PqAHBypb1H