“Apple Inc.’s dismal earnings announcement shows why it badly needs to rethink its innovation model and leadership,” Vivek Wadhwa writes for MarketWatch. “Its last breakthrough innovation was the iPhone — which was released in 2007. Since then, Apple has simply been tweaking its componentry, adding faster processors and more advanced sensors, and playing with its size — making it bigger in the iPad and smaller in the Apple Watch.”
“Chief Executive Tim Cook is probably one of the most competent operations executives in the industry but is clearly not a technology visionary,” Wadhwa writes. “Apple needs another Steve Jobs to reinvent itself; otherwise it will join the ranks of HP and Compaq.”
“That Steve Jobs may be Elon Musk — who has proven to be the greatest visionary of our times,” Wadhwa writes. “Apple should buy Tesla and appoint Elon Musk as CEO.”
Read more in the full article here.
MacDailyNews Take: This is the sort of punishment Apple and Tim Cook must endure for their “Big Miss” of posting revenue of $50.6 billion and net quarterly profit of $10.5 billion? Those are each “billion” with a “b.” Compare those results to any other company on earth.