The list of victims of the AI ​​bubble increases with the departure of Tim Cook from Apple

His departure, seemingly without warning, stunned the world. But Tim Cook’s time had come because he was clearly unwilling to face a technological change that has now swallowed him up.

For a man who helped usher in Apple’s communications revolution, it was the ultimate irony.

More than 1.5 billion people around the world feel completely dependent on the technology it creates and consider their iPhone, even if it is not completely physically attached to it, as an essential part of everyday life.

Add in another billion or so Apple products, from Macs to iPads to AirPods to the odd remaining iPod, and it’s no wonder that many consumers’ devotion to the products has been equally welcomed by shareholders.

His replacement by longtime Apple executive John Ternus marks a turning point for the company with profound implications for global investors, including our own retirement giants.