“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.
Ives has a pretty much free hand at designing the look and feel of Apple products but he knows nothing about production or running a business.
The quoted person may be a VC but if this is the depth of his analysis ability I pity the firms that must deal with him.
As said before, Steve Jobs never cared about Wall Street because
he KNEW that shareholders would emotionally push Apple over a cliff at a moments notice and ALSO at a 1% loss.
Folks, with these ANALysts, there is sooooo much money and leverage and influence under the table. All this is predictable from history and Steve Jobs knew it.
SO SELL AAPL! Where are you gonna put it? Google, Amazon, SIRI, Netflix, YUM, RIMM? You wanna sit longterm with those guys? 18 billion down from 20 billion? Compare that to the average paycheck the last couple of years.
50 million iPhones sold in a saturated smartphone market. SELL! Apple is dying!
The moron who wrote this article is a bigger joker than I am.
No one will ever match Steve Jobs pressence on stage, he could bend reality and incite awe.
Cook is ok at presentations, he has gotten better but he is good enough.
Phil is a goofball who tries to get a laugh but you know he is really trying.
Jony Ive, like many have said here, is shy, doesn’t relish in the limelight, he’s the guy behind the curtain who makes it all work.
Apple cannot replace the showman that Steve was, he made flim flam look good, he made us believe that what he was presenting was like air, whatever it was, we needed it, we might die without.
There will never be another Steve.
what falling profit?
lol. he just made that up! maybe he thinks + is -.
There will always be one Steve Jobs and no one can come close to replacing him. Cook is Cook and he is the boss, like it or not. He is doing a good job and Apple is still transitioning.
All of these people telling Apple what to do are the ones who would say, “that can’t be done” even when Steve was alive. So, why should we bother to listen to them when they don’t know what they are talking about?
Apple should start making garbage phones and sell them at a 1% margin. Then they would have 80% market share and negative earnings and the stock would take off.
Oh, pulleeeeeaaasee!!
Take Apple’s design genius and turn him into a paper pusher?!?!?
THAT’S your solution for Apple not being successful enough?
People seem to forget that the world economy has slowed. How many other companies have reported earnings lower than forecasted?
Apple has outgrown the need for charisma. Apple’s solid product line and continual innovation have moved it to a place where simple things like good customer service and solid products, coupled with world-class marketing should be enough. Mr. Jobs worked himself out of a job before he passed away.
Jony Ive couldn’t be the CEO of a doggy daycare. He doesn’t have the personality or skillset for it.
Look guys. You keep saying Cook is a genius. That Jobs would still have the same problems as Cook, etc. He wouldn’t!
Because Jobs would have never:
1. Released a non-Retina iPad as a new product.
2. Released non-Retina new iMacs.
3. Spec bumped the iPad 3 half way through its lifecycle.
4. Made a thicker, heavier iPad as a new model vs. the previous model.
4. Botched Maps.
Jobs would have pushed his team to do the impossible. He would have demanded the Mini be Retina. He would have demanded the new iMacs be Retina. He would have demanded the Retina iPad 3 be thinner and lighter than the iPad 2. Etc.
If you haven’t figured it out yet, the reality distortion field is gone. We no longer have someone as insane and brilliant as Jobs pushing his team to greatness everyday.
If Jobs were here, everyone would have been running to buy the Retina iMacs. Everyone would have been running to buy the Retina Mini. The sales numbers would have been off the charts with record quarters continuing.
We don’t have that. And Cook is to blame.