Blake Montgomery

Thanks for having me.

Big breaking news.

Tim Cook has stepped down as the CEO of Apple.

Well, it's worth $4 trillion, which is kind of an unfathomable amount of money.

It's worth more than the economies of a lot of countries.

And the change of one person helming such a huge planetary-size enterprise is a precedent-changing thing.

166,000 people work for the company.

Their devices are in billions of people's hands.

It is going to have effects across the world, even if you may not notice it immediately.

As far as a risk...

It is more like electing an establishment president to lead a country than electing a Donald Trump, for example.

This guy, the one who's replacing Tim Cook, is named John Ternus.

He was the president of the hardware engineering division.

So he's going to be focused on the innards of the phone and the computer and the watch and really focusing on the technical elements.

So it is not the choice of this person to succeed.

The papal throne is not seen as a radical departure for the company.

And I don't think your iPhone is going to be a square in the future.

It was quite a different company 15 years ago when he took over.

It's still in a strong position.

It was worth like $300, $350 billion by no means a small company.