“Apple was known as a technology-engineering powerhouse under Steve Jobs,” Jonathon M. Trugman writes for The New York Post. “Now it’s a financial-engineering prop house.”
Trugman writes, “Since August 2011, when Tim Cook took over the reins of the company, Apple has not released a new product line.”
• iPhone was released 5 years, 7 months, and 19 days after iPod.
• iPad was released 2 years, 9 months, and 5 days after iPhone.
• Tim Cook has been Apple CEO for 2 years, 8 months, and 4 days.
“Cook is the financial engineer who gets on the earnings call to announce enhanced stock buybacks and 7-for-1 stock splits,” Trugman writes. “Talking to Wall Street was something Jobs always avoided.”
MacDailyNews Take: Steve Jobs from Apple’s Q410 Conference call with Wall Street analysts on October 18, 2010:
Trugman continues, “Pretty much nobody imagined the current state of affairs at Apple’s Cupertino, Calif., campus. The company was always run by engineers and geeks, and financial types had very little sway. Fast forward: Although Apple has succumbed to pressure and bought back gobs of stock (it had to), it still has tons of cash. Yet, for some reason, the company refuses to make any large-scale acquisitions to compensate for the fact that it’s clearly lagging in product development.”
MacDailyNews Take: Apple makes strategic acquisitions after much consideration. Apple doesn’t buy things like Motorola Mobility for US$12.5 billion and then, having utterly failed, sell it 20 months later for $2.91 billion. Apple refrains from this because Tim Cook has something Jonathon M. Trugman clearly doesn’t: Intelligence.
Trugman continues, “Apple’s technological creativity has ground to a halt.”
MacDailyNews Take: You know, that’s why – still, as the months tick by – only Apple has the world’s only 64-bit smartphone and the only 64-bit tablets for sale while the shellshocked also-rans of the world struggle and fumble to catch up as usual.
Read more in the full article here.
MacDailyNews Take: Trugman’s blatantly unoriginal, painfully lazy, and utterly facile pap has been iCal’ed for use in the very near future.
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