Apple Inc (NASDAQ:AAPL | AAPL Price Prediction) investor Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, dropped a bombshell on X Tuesday: “It’s time for Tim Apple to resign. He hasn’t done a thing really in years. Apple completely missed the AI boat and now needs Google to survive.”
The timing is pointed. Apple reports Q1 FY2026 earnings today with analysts expecting $2.67 EPS and $138.5 billion in revenue. We discussed this in today’s Daily Profit newsletter, and the earnings picture tells a different story than Gerber’s frustration suggests.
Under Cook, Apple has beaten EPS estimates in eight consecutive quarters, averaging 4.2% above consensus. Q2 2025 crushed estimates by nearly 10%. Revenue grew 7.9% year-over-year with operating margins at 31.7% and profit margins at 26.9%. The company generates $416 billion in annual revenue with a 171% return on equity. These aren’t the numbers of a CEO who “hasn’t done a thing.”
But Gerber’s criticism isn’t baseless. Apple’s stock is down 5.7% year-to-date while Microsoft has made strides despite their own blown earnings last night. The Google partnership for Gemini-powered AI features, which Gerber mocks, underscores Apple’s late arrival to the AI race. Prediction markets show only 36% probability of Apple closing above $260 by month-end.
Apple hasn’t responded to Gerber’s comments. Analyst consensus remains 64% buy/strong buy with a $287 average target, though 42% rate it hold or sell. The tension is clear: exceptional profitability meets modest 7.9% revenue growth. That’s the real question for investors: Is Apple optimizing yesterday’s business or building tomorrow’s? Cook’s track record says he delivers results. Whether those results justify a $3.8 trillion valuation in an AI-first world is what earnings today will reveal.
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