“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.
Why punish Apple or any company for an ANALyst making a wrong prediction? Earnings are a fact and it is the prodictions that are wrong. It is the ANALyst that should be punished for not predicting the future correctly.
What a bunch of poppy cock! Tim Cook has made more money for Apple then even Steve Jobs could imagine. If Steve was still alive he would tell anyone who said that to go fuck off!
Funny it’s articles like this that make you realise that Cook is pretty damn good a CEO. Because clearly there are no end of idiots who think they know all the answers and that those answers are as simple as putting all your eggs in one basket. I would be deeply concerned if Apple made as little money as Musk’s recent ventures do and I suspect Wall Street would have a heart attack especially after Musk clears out the billions of reserves the company holds on some fanciful expedition into self destruction.
I think Cook’s done a creditable job as Apple CEO up to this point. The numbers attest to that: steady and unprecedented growth for the once-beleaguered firm since he took the helm.
Nevertheless, the last quarter’s jarring declines in revenues, should they continue all the way to the rocks below, would rouse the rabble to call for his crucifixion. Money-changers and Senators are already looking down at the crowd and rubbing their corpulent hands together with gleeful anticipation, and Pontius Pilate waits in the wings, ready to ask the crowd (in Latin) “What is truth?”
Indeed.
I was sternly corrected that Pilate asked this question in his one-to-one interview with Jesus, not addressed to the accusatory crowd. It isn’t clear whether the two spoke in Latin or Aramaic.
When is the last time Musk made money that wasn’t tied to a governnment contract or subsidy?