People thinking this is some sort of bad news should know one thing or two when it comes how to run a company.
- You start with a business case. You include reasons, why is it important (What/So what/Now what) forecasted profit and loss analysis etc. You state your needed resources and how much time it'll take to keep the project up and running as well as how much the return of investment will be.
- In technologies like displays, modems etc - there are ample amount of players in the game that do these as their core business. Apple is developing these so they can invest now and reap the benefits later where every component would be returning better margins (profit) for every product sold. (Apple's average margin is around 70% which is unheard of in tech industry)
- So Apple is reassessing the developments, the delays and challenges in each project and deciding to kill some because they now KNOW (not believe) that continued efforts will either not come to fruition or would be much more expensive than they thought.
- So all these cancellations are just refocusing resources where it would benefit the most to the company. Apple may think of redeveloping MicroLED displays in the future when the science is better positioned for commercialisation.
Cook can ben interpreted as uninfluential.
But he's a master of operations and he knows a thing or two when running the company (commercially)