“Apple (AAPL) is poised to report its first profit drop in a long time. This outcome brings into clearer focus the biggest challenge facing Apple’s board: Is Tim Cook the person for the CEO job and if not, who would be better?” Peter Cohan asks for Forbes.
“About those falling earnings — Bloomberg reports that Apple is poised to report a 2% fall in net income for its first quarter to $12.8 billion, or $13.48 a share. With the exception of one quarter in 2003, Apple’s net income has increased at least 10% each quarter. And if that’s not bad enough, Apple is poised to report an 18% sales increase to $54.8 billion, ‘the slowest growth rate since 2009,’ according to Bloomberg,” Cohan writes. “Since September 2012, Apple stock has lost $100 billion worth of its value, falling 29%. While nothing can make up for the loss that investors who bought at Apple’s peak price — perhaps investors should throw in the towel on Cook.”
Cohan writes, “That seems to be what Apple’s board should do. But the problem is figuring out who could do a better job than Cook. One person to consider is Jony Ive — Jobs’ product design partner.”
Full article here.
MacDailyNews Take: Not that we haven’t said Ive would be the best choice as the “face” of Apple in a post-Steve Jobs world, but calling for Cook’s ouster as CEO?
Silly season is definitely here.
Leave Cook as CEO and put Jony onstage during Apple events and keynotes and all of this silly talk about Cook will end immediately. He’d be Apple CEO for as long as he wished. Where Apple is currently missing Steve Jobs the most is in the charisma department on stage.
So profit is UP 18% instead of being UP 20%.
And it’s “Falling”.
How are Microsoft and Intel doing? 😉
To say NOTHING of Dell. . . :))
Oh fsck off!
Exactly!!!
I totally agree.
Leave Jony to work, let Tim get on with handling all this nonsense.
Jony hasn’t got time to speak to morons like this ‘Venture capitalist’, he’s got real work to do.
We all know that Jony excels at what he does, which is design. While I’m sure he understands the broader aspects of parts of the business like manufacturing, operations and finance, I doubt he is an expert. That’s Tim’s area of expertise expertise.
There is something going wrong at Apple: My ordered iMac 27 is already months on its way !
Nonsense!
You are given a time of delivery. It is always the worst case….so you usually get it before the estimated date. But NEVER after the estimated date. It is never open ended.
So all I can say is you lie. Care to prove otherwise?
Ordered mine midnight PST November 30, 2012. Received it December 17, 2012. Delivery expectation given me was December 18 through December 27, 2012. Got mine a little early. Admittedly, I ordered it the first second that I could. But delivery times are getting better not worse.
My build to order MacBook Air arrived yesterday’s from China – 2 days early.
What’s the problem Dude?
Why don’t we wait until tomorrow to see how Forbes’ figures hold up against the actual sales and profit data?
One measure of complete cluelessness about Apple is anybody – that includes MDN – suggesting that Jony Ive be put onstage for product introductions. Anybody who actually knows anything about the personalities at Apple knows that Mr. Ive is shy and not interested in the limelight. He does not make good extemporaneous presentations. His well-known video commentaries about new Apple products (against a white background) are well-coached, but even then seem forced.
Mr. Ive is a brilliant industrial designer – perhaps the best of this era – but he is most definitely NOT a public speaker.
Have to agree – Ive is an ace designer, but the stage needs other qualities.
A showman, presentation person, enthusiast… someone who positively bubbles with excitement about the products.
For complete cluelessness, look in the mirror:
Compare Jony Ive below with any of Cook’s forced, labored on-stage performances:
I am not sure what your point is. Mr. Ive is using a cue sheet from a podium, giving a very personal presentation about a long-time friend. This is nothing like the craft – the showmanship – necessary to make a paradigm-shifting introduction of a new product at an Apple event. As for Mr. Cook, I made no representations one way, or another, about his skills on stage.
Amen.
I’m a pretty good photographer, but that doesn’t mean I’m a good cook.
Ummm … The stock has been up big since Cook took over. Apple is more aggressive with product updates. It’s restructuring its supply chain for long-term gain. It’s paying a dividend now.
Ballmer, on the other hand, continues to preside over a stock that hasn’t moved in a decade.
Why do morons get attention? This is an example of lazy, thoughtless writing. Almost like he looked at a couple angry android posts and decided that was enough evidence to predict apples downfall.
I like Mdn’s take.
Cook’s salary could use a substantial “right-sizing” operation, however. Pay should be somewhat related to long-term performance, and outright gifts of millions of shares of stock that management teams bestow on each other is absolutely sick..
I have no idea what you are talking about. Tim Cooks options are for 10 years and that is very long-term. We know that Tim Cooks performs very well. He is the genius behind the money making machine called Apple. The better he does coming next decade the bigger his reward from the options will be. I am a shareholder and I would like to see Tim Cook to get even more. He has made me and others fantastic profits.
Sick with all the bs articles, this moron has no idea what he’s talking about.
Given the turmoil in meeting the increased capital expenditures to meet iPad demand along with shifts in LCD and CPU buys, there is no doubt that those expenditures cut into profit…
But in the long run gaining good new high volume reliable suppliers gains you more profits in the future.
The writer is not a business man. Just a guy looking for self-promotion in the press.
putting a design guy in charge instead of the operations genius is not going to bring up the insanely high profit margins that Tim Cook has single handedly built through his JIT supply and sales chain management. Apple with superior inventory management is rarely sold in deep discount versus the BOGO competition that is always sold on discount. STFU about margins and CEOs.
This is all getting really old…
Hire Jeff Goldblum for the stage presence.
Did not some “insiders” said that John Ive does not like speaking to audience? Though this could be false, he did speak on Jobs’ memorial at Apple’s HQ. But maybe they meant Ive does not like to do Apple presentations?
But as presenter, does Ive has the aptitude, or rather, will to do it? He looks very natural with his philosophical observations about Apple designs, which he does, but maybe he is not interested about talking about how much money Apple gave to developers and other staff that has nothing to do with his artistry.
As to Cook speaking, he mostly leaves actual product presentations to other people, only talking in the beginning of the show.
Read the Jobs book and some of the really good articles. He fine tuned his presentation skills over 20 years.
Just a thought,
en
So I suppose Cook who joined Apple in 1998 had absoltely nothing with Apple’s rise while he was COO and interim CEO x 2 !
This article is written by someone with limited intelligence swvere attention span deficits
I bought my shares in 1995 and I’ll bet I have a lot more at stake than this knownothing
Um… Make Peter Cohan CEO of Apple…?
“My ordered iMac 27 is already months on its way !” What does that even mean?
My 27″ was shipped 2 weeks after my order was entered. Apple even beat the delivery date by 4 days, except for the fact that FedEx keeps coming when we’re close and it has been “out for delivery” for three days. Apparently they can’t read the business hours posted on the front door. Sigh, maybe today.
APR iCentre the Netherlands does simply not have them….since end Novembre !!!
I can then empathize with your anxiety, though as is typical with Apple, when they say shipping in December, they really mean the last day of December ;-D.
But I can now report, the FedEx truck just left, minus one wedge-shaped 27″ size box that now awaits the official unboxing!
It is completely baffling why Apple is still a publicly traded company. Their ethos can’t stand being part of an eco-system they can’t control. They no longer need to answer to manipulative institutional investors. They should figure out a way to just buy out everyone and actually go private. Control the whole stack and answer to no one.
Would love to know what kind of cash pile they’d need in order to accomplish this feat. Now that would be one hell of a “one more thing” announcement.
Let’s wait for the factual results of the earnings tomorrow night, before we start rearranging the chairs in the management suite. It may well be that what needs to be rearranged will be the analysts.
My guess is that Jony Ive is right at the place where he wants to be.
In contrast, I’d like to short the stock of any company where this Peter Cohan clown of a person has any say.
I’m just smiling about the fact that you heard it first from me. Keep on trashing my posts, but nobody has been more on target with Apple’s problems of (1) increasing competition for which Cook has no answer, (2) an AAPL price that won’t see $700 again under the current management, (3) the need for new leadership beginning with the departure of Cook taking the personal zillions he has stacked up for the day that is now quickly approaching.
I’ve got to ask, is it hard to type with your head up your ass?
I think they should get Stephen Fry to do the on-stage presentations! Maybe wlong with Hugh Laurie…
Cook is executing Jobs’ plan which included iPhone 5 and iPad Mini.
I am confused. Did APPL see $700 under the previous management?
NOBODY is making any money ACCEPT Apple and they take the hit. The stock market must be fixed now!