“CNBC‘s ‘Half Time’ segment featured an interview this afternoon with Porter Bibb, an investment banker, former publisher of Rolling Stone, and now a managing partner with Mediatech Capital Partners,” Tiernan Ray reports for Barron’s.
“Bibb poo-pooed worries about recent negative commentary on the company in China, calling CEO Tim Cook‘s formal apology yesterday the right thing to do, and shrewd,” Ray reports. “[Asked] whether Cook could ever come out of the shadows of late founder and CEO Steve Jobs, Bibb responded, ‘He’s going to do a lot in his favor when he announces he’s going to increase the dividend, which he will do.'”
Ray reports, “Added Bibb, ‘By the way, that Apple television set we’ve all been waiting for and holding our breath for for ten years, it’s going to happen in the third quarter.'”
Read more in the full article here.