Apple's CEO Tim Cook is expected to remain in his position until at least mid-2026, contradicting earlier reports of an imminent departure. The company's premium valuation is supported by a strong iPhone cycle and growing high-margin services revenue. While Apple is noted as being more expensive and growing slower than other AI stocks, Jim Cramer believes Apple's massive user base is very important for its AI developments. The stock remains a favorite among prominent investors and is positioned for market-beating performance.