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Are Apple and Google Preparing for Battle?

Apple stock analyst Rick Hanna sees Google CEO Eric Schmidt's resignation from Apple's board as recognition of the firms' growing competition in the mobile phone and software space but does not see Google as a threat to Apple's long-term competitive advantage.

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Jeremy Glaser: I'm Jeremy Glaser with Morningstar. This morning, Eric Schmidt, CEO of Google, resigned from Apple's Board of Directors. Here to discuss the impact of this announcement and any potential competition between Google and Apple in the future is our analyst Rick Hanna. Thanks for joining me, Rick.

Rick Hanna: Thank you, Jeremy.

Jeremy Glaser does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.