14 DAY TRIAL // Apple analyst Gene Munster, who is still waiting anxiously for the Cupertino giant to take over our living rooms with a comprehensive HDTV, has tremendous faith in CEO Tim Cook to continue to rake in profits for Apple and its investors after Cook publicly revealed in an essay for Businessweek that he was gay.
Gene Munster and fellow Piper Jaffray analyst Doug Clinton have written a piece for CNBC declaring themselves pleased with Cook’s move, acknowledging the effort as potentially life-changing for the entire world, not just the tech industry.
Investors don’t care, and nor should they
The analyst duo applauded Cook’s decision to come out and explained that they were even more pleased to see investors remain confident in Apple’s potential, regardless of the CEO’s sexual orientation.
Munster and Clinton noted in their report, “It may seem strange to have Wall Street analysts weigh in on such a personal topic and we recognize that the announcement is bigger than shares of AAPL.”
“But Cook's decision to announce that he is gay had the potential to impact the stock and many wondered if it would. We were happy to see investors vote through a roughly unchanged stock price that Tim Cook is just as capable a CEO today as he was before the announcement,” the two analysts said.
The Piper Jaffray researchers acknowledge Apple as a company with a tremendous track record in positive change, “even if their actions aren't immediately or ever profitable.”
Apple’s endless fight for equality
Aspects like gender and race equality are just some of the things Apple has fought for since forever, and many company insiders have confirmed throughout the years that these efforts aren’t just for show within the Apple organization.
Munster and Clinton stress that “Apple is already a leader in environmental responsibility, workplace treatment, and human rights among other issues,” adding that “It's rare and refreshing that we get the opportunity to evaluate a management team's ability to drive positive change on a societal level.”
The analysts conclude that few people, if any, can better fill the CEO spot at Apple than Mr. Cook.
It’s also refreshing to the entire world to see that few people bothered to beat the drum after Cook’s announcement last week. It appears that humanity may finally be coming to terms with the diverse aspects of human life, preventing dogma from altering our patch to advancing our thinking and our species.