Quote: "And, you know, they did a pretty good job" ... NO ... FAIL ... if you think like this Pat, you will continue to fail. Own your failures - hit them head on & get working.
If I was the CEO this is what I would say ..."Apple did an incredible job, they knocked it out of the park, they embarrassed us, they taught us a lesson and we need to get back to the engineering led, great innovator that we were in the past. Thank you Apple for knocking some sense in to us. We are humbled and we will put every bit of energy into creating a next generation processor that will run faster and more efficient with the latest cutting edge die sizes. We will design and build that technology in the US and we will deliver it to our customers (hopefully to one day again include Apple) at a cheaper cost and as fast as humanly possible."