Lou Whiteman

But you can tell that what they're doing is the right thing.

They take the business in the direction it needs to go.

Steve Jobs was one of one, like I said.

I think Apple did a wonderful job with that transition.

Tim Cook, I think, has just done a tremendous job.

I don't want to say skeptical, but the questions were out there.

We were asking those questions when that transition happened.

We're like, oh, man, what's this going to be like?

But Tim Cook, I think, was the right person at the right time.

Apple was well-established, and they needed an operator to be able to take that business in the direction that it's gone.

Something Tim Cook has always said that sticks out with me is,

He's always said inventory is the enemy.

He just knew.

He's like, man, we got to be moving products.

And so I think it's going to be interesting to watch Ternus take over because he has such a reputation in the hardware side of the business.

I mean, he's been with the company forever.

So he's an Apple loyalist.

Tremendous hardware reputation.

And that really is what Apple does, even as we watch services take up more and more of the business.

So this is going to be an interesting time for us as analysts and certainly for, I think, Apple enthusiasts.