The CEO doesn't have to be a "product person." Lol. He can build a team around him that is...
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We’re lucky that Tim Cook knows that he’s not a product guy.
Unfortunately no one can replace Jobs. No one will ever have the same dedication to the company as Jobs did... The sad side if it, is not that Tim is not a product guy, he is in fact the opposite of a product guy, he was the CFO before, and what is the job of the CFO? Cutting costs and increasing revenue.
And that's why you are seeing apple products turning to ****:
- Macbook "Pro" with no Ports (if apple saved $1 on each macbook pro they sell by removing the SD card reader, and the rest of the ports, imagine how much money they are saving. not to mention all the dongle sales)
- iPhone with no headphone jack, but keep it on the Macbook pro, so people need to buy another set of headphones to use with their macs.
- The monitor stand that cost $1000
- "58" different iPhones that look like they are stuck in the past, when you compare them to the competition.
Since Tim, apple completely lost the "innovative company" status, yes in the stock market it's doing good, because the CFO it's doing its job, but it's as boring as bat sht in terms of products...
Unfortunately no one can replace Jobs. No one will ever have the same dedication to the company as Jobs did... The sad side if it, is not that Tim is not a product guy, he is in fact the opposite of a product guy, he was the CFO before, and what is the job of the CFO? Cutting costs and increasing revenue. And that's why you are seeing apple products turning to ****.
- Macbook "Pro" with no Ports (if apple saved $1 on each macbook pro they sell by removing the SD card reader, and the rest of the ports, imagine how much money they are saving. not to mention all the dongle sales)
- iPhone with no headphone jack, but keep it on the Macbook pro, so people need to buy another set of headphones to use with their macs.
- The monitor stand that cost $1000
- "58" different iPhones that look like they are stuck in the past, when you compare them to the competition.
Since Tim, apple completely lost the "innovative company" status, yes in the stock market it's doing good, because the CFO it's doing its job, but it's as boring as bat sht in terms of products...
And as far as innovating, Apple innovates every day. It’s with things you’re not thinking about their Arm chips and SoC systems that so far blow away the competition that we’re likely going to be witness to Apple’s own chips replacing Intel in the not to distant future.
It takes time to make new things up.Weird how once every couple of years Isaacson comes forward with another revelation that for some reason didn’t make it into his book.
Bit of a reading the tea leaves but it looks like they're paving the road for Mr. Federighi's role as CEO.
For 2018 Apple achieved net sales of $265.6 billion and operating income of $70.9 billion, each representing a year-over-year increase of 16 percent, and exceeding the 2018 maximum annual cash incentive program goals for both of those performance measures.”
The Compensation Committee determined that no downward adjustments to the payouts would be made based on Apple's 2018 performance and the individual contributions of Apple’s executive officers and they approved the maximum total payout at 400 percent of annual base salary.
It was the second year in a row that Tim Cook got a major pay raise from Apple’s Board of Directors. In 2018 he made $15.7 million. In 2017 he received $12.8 million while in 2016 he made $8.7 million. Only $3 million of that is base salary. Everything else is based on incentives and bonuses for selling Apple’s products and services. If nobody buys Apple products, Tim Cook does not get any bonuses.
Interesting. Kind of a 'he goes or I go' situation?And based on comments and reports, Ive was the one who was behind Forstall being let go.
Tim gets a lot of heat around here for everything and it's rather silly. He's not a product guy, but people around here seem to think the man is diving into the nitty-gritty and deciding to cheap out on some tiny component here and there—as if building a strong supply chain is the same as being some bean counter. It's very much about building relationships, negotiation, and consensus. Oddly, these are all excellent leadership qualities given a certain style of leadership.
When you make an argument that the supply chain is strong, the only connotation most people expect is lower prices.
The Apple Board of Directors is happy with Tim Cook’s performance. He has met predetermined performance goals in order to qualify for bonus pay in 2016, 2017 and his biggest bonus ever in 2018, a 22% bump in salary.Really? And how do you know that you have a good product team when you are not a product person?
In order to be a good(!!!) boss/manager/CEO, you actually have to know every job that the people you manage are doing. Good leaders raised through the ranks.
Don't know the answer to your question, but ask Lou Gerstner who turned around IBM and didn't know about computers (knew about food though).Really? And how do you know that you have a good product team when you are not a product person?
In order to be a good(!!!) boss/manager/CEO, you actually have to know every job that the people you manage are doing. Good leaders raised through the ranks.
Revenues would be on the income statement, not the balance sheet...Brilliant? Not a chance. Those were iterative, and neither amounts to more than a rounding error on Apple's balance sheet.
What's a brilliant product? A $50B to $100B autonomous electric car service that people can summon with their iPhones or Watches. Apple's AI keeps the 2M cars where they need to be in order to service customers the fastest. Customers can schedule recurring pick-ups. The cars even allow customers to play audio from their iPhones on the vehicle's sound system. The whole thing is run by Apple AI which always monitors the charge in the cars, and sends them to tens of thousands of automated stations for fast charging as needed.
Only Apple has the money for R&D, infrastructure, and the "campaign contributions" needed to allow autonomous vehicles on the roads of all 50 states. Only Apple has the know-how to make the UX something customers will love.
That idea increases Apple's gross sales by at least one-third. There's a brilliant product.
Walter Isaacson is an opportunist who wants to milk his horribly-written biography even more.
A product person really. Reality what makes a product. How useful is the hardware (product). Which in reality is the software driving the echosystem. Ask BlackBerry about great hardware. Lost big time to Apple and others because of Apps and the integrated echosystems. The hardware partnered with software what makes Apple products great. Tim Cook has done a good job of moving Apple to an enterprise system of hardware integration. Better then Steve Jobs.
The ceo doesn’t have to be a product person. He or she simply needs to be able to manage things. Besides be careful what you wish for.
The notion that someone else can come in, be a product guy and have a Steve Jobs aura about him is far fetched. There’s too many sharks at top to allow that kind of thing now.
You need to focus on the product from the top down, or else things slowly turn to crap. A lame CEO can't pick good sub-leaders, and so on. IMO, Tim Cook is decent but nothing like Jobs. Apple still has their eye on the ball way more than Google does, but they don't innovate, and Amazon is the leader in that now.The CEO doesn't have to be a "product person." Lol. He can build a team around him that is...
Hardware is commodity that any old Chinese company can do well. That's like saying air is valuable because everyone needs it. It's extremely hard to design the best ecosystem, or even to hire basic software engineers. A great one is like 100X as effective as an average one, and I'm not even exaggerating. Software development is fast, and decisions snowball.Try running software without hardware.
Well, I still need my headphone jack. I don't give a crap about the CPU speed; I'm just trying to play my music and send my messages like a normal person. What do I need the extra speed for? Apparently nothing cause I'm still holding onto my iPhone 6.This, this, this. I love coming away from a new iPhone announcement and seeing people go berserk because the housing looks the same even though you see advances every year where battery consumption is reduced and performance is increased. It's taken entirely for granted that this is just going to happen. The work being done in those areas is absolutely amazing.
Apple: "We just doubled performance while using 20% less power."
MacRumors: "(Yawn.) Courage. Lol. I need my headphone jack."
It's silly.