“‘From what we understand there is concern at the board level about the pace of innovation.’ … Gasparino added that ‘this is an interesting board-room drama; this doesn’t mean that Tim Cook is out of a job. I don’t believe that’s happening, and sources inside Apple are telling us that’s not the case,’” Ray reports. “Piper Jaffray‘s Gene Munster was on the network following the report saying Gasparino was ‘probably right’ that the board was asking Cook about how the company is prepared to be competitive next year.”
Ray reports, “Gasparino asked Munster, “’Is this guy up to this job?’” given that he is stepping into the large shoes of late founder and CEO Steve Jobs. Said Munster, ‘I think it depends on what that means. If it means replacing the majority of Steve Jobs’s shoes, there’s nobody who’s going to do that. If it means getting Apple to a point where it has enough new products and excitement where it can grow several years out, and the stock can go up, if that’s the measure, he’s absolutely the right guy.’”
Read more in the full article here.