Former Apple CEO John Sculley was recently on CNBC discussing the state of the company’s shares.
“Sculley was originally made chairman of Apple in 1983, and between 1985 and 1993, he managed day-to-day operations while Steve Jobs was away at NeXT,” Meena Krishnamsetty reports for The Motley Fool.
MacDailyNews Take: Mismanaged day-to-day operations.
Krishnamsetty reports, “On the current situation Apple is in, Sculley had this to say: ‘I think they’re going through a very significant change now in terms of product cycles. Traditionally Apple introduces products once a year; now it’s really introducing products twice a year. The complexity of that from a supply chain is immense, and Apple seems to be doing it well. So, I think that people are underestimating just how well Apple is run, and just how successful the company can be when it gets to that twice-a-year product introduction cycle.'”
“Sculley’s comments here seem to agree with the unheralded notion that Tim Cook is a supply chain wizard,” Krishnamsetty reports. “On the subject of Apple’s valuation, the former Cupertino CEO said that ‘the question is: Does it still deserve a Steve Jobs premium?’ to which he paraphrastically answers ‘yes,’ due to the fact that Cook has a clear product leader in Jony Ive.”
Read more in the full article here.
MacDailyNews Take: How out of character – the old sugar water sales bozo actually got something right!
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