Apple Looking for a Replacement for CEO Cook?

CommanderFrank

CommanderFrank

Cat Can't Scratch It
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According to sources on Wall Street, Apple is already quietly looking at prospects to fill CEO Tim Cook’s position. Since Cook took over the reins of Apple, the stock has gone from an all-time high of $702 a share to a 52 week low of $390. Analysts have voiced concerns over stockholders movement and fears of investors prompting the speculation of a leadership change.

So unless Apple CEO Cook announces something really dramatic in new products or astronomical earnings on Tuesday, the stock will surely decline even more.
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Apple stock reached such heights because everyone thought they were going to be the next Microsoft and completely dominate mobile. When it became quite clear Apple had capable competition, expectations and stock price deflated.
 
It's not Cook's fault. The Jobsian reality distortion field could only be created by The Jobs. It looks like we are entering the post smartphone, post tablet era.

Regarding unit estimates, Wall Street’s consensus expected Apple to have sold roughly 50 million iPhones and 23 million iPads; in the final earnings report, however, Apple reported selling only 47.8 million iPhones and 22.9 million iPads.
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http://www.ibtimes.com/apple-q1-201...act-falling-stock-shares-offer-outlook-moving
 
niconx said:
It's not Cook's fault. The Jobsian reality distortion field could only be created by The Jobs. It looks like we are entering the post smartphone, post tablet era.

Regarding unit estimates, Wall Street’s consensus expected Apple to have sold roughly 50 million iPhones and 23 million iPads; in the final earnings report, however, Apple reported selling only 47.8 million iPhones and 22.9 million iPads.
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http://www.ibtimes.com/apple-q1-201...act-falling-stock-shares-offer-outlook-moving
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I blame their tactics. The rest of the smartphone companies release new products continually. Apply just kind of sits there and releases a bunch of things all at once or in too rapid a succession (like the recent IPAD)

Both those behaviors don't sit well with consumers. Also, I think Apple really missed the mark with their 5 series due to everyone wanting larger phones and the 5 just being taller. While I somewhat understand the ergonomics involved, it was still a bad move.

Apple can't rely on a fanatical fan base anymore. They need to innovate like when they first started these wars. If the Iphone 6 was announced this Summer instead of just a 5s, I think the stock would increase. The 4 to 4s and 5 to 5s releases aren't smart moves.
 
Apple has a massive, growing stockpile of cash that sits there quietly for no good reason. Meanwhile, the stock price continues to shrink, dragging their P/E ratio to ridiculous lows (they have a lot of 'E').

Perhaps Apple's leadership has a long-term plan to lower stocks enough to buy back all shares and take the company private? /tinfoil
 
mavere said:
Apple has a massive, growing stockpile of cash that sits there quietly for no good reason. Meanwhile, the stock price continues to shrink, dragging their P/E ratio to ridiculous lows (they have a lot of 'E').

Perhaps Apple's leadership has a long-term plan to lower stocks enough to buy back all shares and take the company private? /tinfoil
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+1

I like this idea best... as far as conspiracies are concerned anyways.
 
It's kinda sad when a company's success is based on share prices, and not the actual, well, success. Love or hate Apple but you got to admit overall they are fairly successful. They have the largest market share for cell phones, tablets, and other such devices, and have a customer loyalty (fanboys) base that not too many other companies have. They can release a crappy or uninnovative product yet people flock over to buy it. Their profits are through the roof, of course a corporation's point of view is that it's never enough and they always have to make more. :rolleyes:
 
Stock prices are a public opinion of price. He was screwed from the beginning... everyone expects the follow up act to pale, and the price goes down, and so his performance pales, though it doesn't really. Not his fault. Its just a self fulfilling prophecy.
 
mavere said:
Apple has a massive, growing stockpile of cash that sits there quietly for no good reason. Meanwhile, the stock price continues to shrink, dragging their P/E ratio to ridiculous lows (they have a lot of 'E').

Perhaps Apple's leadership has a long-term plan to lower stocks enough to buy back all shares and take the company private? /tinfoil
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I think you should apply for the position. Smartest move I've ever heard
 
I'm not apple fan boy, but by most accounts, the reason Apple is so profitable is because of Cook's supply chain management skills (and this goes long before Jobs died). Will Apple dominate forever? Probably not. Just like with the PC, they're making a BMW (or whatever high end metaphor you prefer) and most people are happy with a Camry. I've got an iPhone, and i don't really think it's significantly better than an android device. The 4 series (I'm not sure about the 5 series) is solidly built, generally attractive and is fairly stable (mine does occasionally crash, but probably less than the first 2-3 droids, which literally reboot themselves at random times, even when they were idle).

However, maybe Apple is just as bad. I know when mine crashes/reboots itself, it seems to come back up with the same apps that were up when it crashed.

Regardless, Cook isn't the problem. Someone already said that nobody but jobs can create that distortion field, and that's probably right. Now that he's gone, all that's left is reality and the reality is iPhone and iPad are good devices, but there are alternatives that are also good. God help them if MS ever makes a tablet that people want, but for now, they own the high end and Android is the MS of the phone and tablet space.
 
stock isnt tanking... its just at the place where it should be. Price was way too high.

I hate wall street.
 
Changing ceo's won't save apple. They cant ride on ipad and iphone forever.
 
nilepez said:
I'm not apple fan boy, but by most accounts, the reason Apple is so profitable is because of Cook's supply chain management skills (and this goes long before Jobs died). Will Apple dominate forever? Probably not. Just like with the PC, they're [marketing + pricing] a BMW (or whatever high end metaphor you prefer) and [selling a camry]. most people are happy with a Camry[(Andriod) marketed and priced as a Camry.
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^^Fixed that for you. Calling an iPhone a 'BMW' of phones and andriod various phones out there like the Galaxy S3 as a 'Camry' is rather biast. iPhone wants consumers to think their phone is a BMW but when the competitors phone does equal or more with a better UI(in my opinion) and easier connectivity to PCs/macs(imo). It's clear their phone is at best a Camry with leather seats vs a Camry with full-entertainment system as the 'added packages'.
 
Galvin said:
Changing ceo's won't save apple. They cant ride on ipad and iphone forever.
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I'm with you on this one. There's a very crude expression that I think says "It's time to ___ or get off the pot'. Apple has to innovate or come out with a new/substantially better product than its consumers to keep its reputation going. Otherwise, we are going to be headed back to the Apple 90s-era reputation where people look at those who own a mac and snicker at the fact they overpaid for an underfeatured niche product with sub-standard hardware. The only justification Apple-fans will have then will be "But the UI is so good, it was worth paying 3-4x the cost for" and/or "but I never learned who to use a PC and don't want to learn a whole new OS".
 
mavere said:
Apple has a massive, growing stockpile of cash that sits there quietly for no good reason. Meanwhile, the stock price continues to shrink, dragging their P/E ratio to ridiculous lows (they have a lot of 'E').

Perhaps Apple's leadership has a long-term plan to lower stocks enough to buy back all shares and take the company private? /tinfoil
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This if true would make the leadership guilty of fraud.
 
niconx said:
It's not Cook's fault. The Jobsian reality distortion field could only be created by The Jobs. It looks like we are entering the post smartphone, post tablet era.
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Don't laugh at the comment. It's extremely true. Think about why the PC market is falling, and then think how that applies to tablets?

We all know why the PC is falling in sales, and it's because the existing laptop or desktop works just fine. It doesn't need to be faster, or hold more storage. Unless there's software that demands such hardware, nobody is going to run out and buy a new one. BTW, this is separate from the tablet/smartphone market. Almost everyone has a PC and a smart phone/tablet. You're not going to carry your PC in your pocket, and your smart phone isn't capable of being a PC.

Tablet will eventually reach the same problems as the PC. Once you have a tablet, why upgrade? How can tablet and smart phone manufacturers improve? The PC will get faster and better, because it isn't limited to heat, power, and space. Tablets and smart phones have all these limitations. You can't make a faster tablet without making it consume more battery life.

Tablets and smartphones are completely dependent on manufacturing advancements. Where as the PC has room for cooling advancements. It's not even a hardware limitations either. Nobody has developed an application on the tablet that requires you to have a quad core ARM chip. Nobody is about to, cause people expect apps to cost $1 - $3 bucks.

Tablets and smartphones will eventually hit the same brick wall the PC has, and it will hit it harder.
 
I think this is more just disgruntled investors with unreasonable expectations ... with many companies experiencing massively stagnating growth or actual reduction they are concerned that Apple might "only" grow at 14% ... some might question how accurate their stock price was to begin with, but it is still very valuable and capable of growth at the current level ... unless they promote from within a new CEO might cause more harm than good (cough cough "John Sculley" cough cough) ;)

they are one of only two players in the smartphone market who actually make profit ... the tablet and ultra portable market is still in its infancy ... they still seem to have a loyal customer base ... and they have yet to move into areas where they have not tried to play before (TV's, Set-top box, etc) ... now that Microsoft is backing away from Office support from them it could be time for them to release an Intel compatible OS for non-Apple products ... and the advent of 4K TVs could be the perfect entry point for them in that market

If they are that worried about long term performance the board would be better served by suggesting they poach designers from other companies, especially in areas where they have yet to move into (smart electronics like thermostats, automotive control systems, travel entertainment, etc) ... still lots of opportunities for Apple, Google, Facebook, Yahoo, and Microsoft to grow :cool:
 
wonderfield said:
Nope. Cook was bred for the position.
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x2


I don't really blame Cook... He's not the front-man that Steve Jobs was but he's doing a good job IMO. I think part of it is just reality... the stocks couldn't sustain that sort of value indefinitely. Now they're back down to a more reasonable/realistic level.

Apple is still making a ridiculous amount of money. Last I saw, Apple's iPad had something like 50% of the tablet market share and the iPhone has close to 40% of the smart phone market (in US). That's pretty good for a single manufacturer.

With some of the corporate shakeups that's been going on and Johnny Ive now in charge of iOS, it may be what Apple needs to start leading the charge again (or could end in a ball of flames lol)
 
Ashbringer said:
I know nobody thinks he's CEO material, but the PR alone would be great.
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Woz won't tow the company line on some things, though. Sometimes that's okay, but it'd certainly make investors nervous knowing that he could drop an "I like Android better" at any moment.

He may have a place at Apple, but not in a public-facing position.
 
wonderfield said:
Woz won't tow the company line on some things, though. Sometimes that's okay, but it'd certainly make investors nervous knowing that he could drop an "I like Android better" at any moment.

He may have a place at Apple, but not in a public-facing position.
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Agree ... I doubt that the Woz would like the financial and political rigors that accompany being a CEO either ... keeping him as kind of a designer emeritus is the best place for the Woz ... if they want to give him a small design Tiger Team to brainstorm new opportunities that would be a much better use of his talents :cool:
 
heh I'm going to laugh if Cook somehow got ousted, we all know the stock would REALLY start tanking at that point.

I like cook better than jobs -- he's keeping the ship sailing straight, and he's not an overbearing asshole. Cook was groomed by the man himself -- get rid of him and you would literally just have some random noob in the big seat who has a 95% chance of screwing it up.

My personal opinion -- Jobs had the ability to magically convince you that you absolutely had to have a whatever little trinket he was selling. He was so good at this, it didn't matter if the tech was old, didn't do things that were common before, all it had to do was look pretty and make you FEEL smart for paying 600 dollars for it. Until another sneaky asshole like that comes along of course things are going to go into decline.
 
Could Jen-Hsun triple as CEO of nvidia, intel and apple? :D
 
Oh come on, I will personally guarantee that their stock will bounce back and hit $700+...
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.
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Didn't say what decade. :D
 
Spire3660 said:
Apple stock reached such heights because everyone thought they were going to be the next Microsoft and completely dominate mobile. When it became quite clear Apple had capable competition, expectations and stock price deflated.
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Apple is still the #2 smartphone manufacturer by unit sales. And they makes billions of dollars every month.

If Apple is in trouble... I guess #3 and below are facked.
 
You have to wonder though ... is this just typical Wall Street quarterbacking or is there something more insidious at play (like opposition to a gay CEO ... same as women CEOs have often been lambasted as well)
 
WBurchnall said:
^^Fixed that for you. Calling an iPhone a 'BMW' of phones and andriod various phones out there like the Galaxy S3 as a 'Camry' is rather biast. iPhone wants consumers to think their phone is a BMW but when the competitors phone does equal or more with a better UI(in my opinion) and easier connectivity to PCs/macs(imo). It's clear their phone is at best a Camry with leather seats vs a Camry with full-entertainment system as the 'added packages'.
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I don't consider BMWs (or any german car) particuarly good, unless you consider lots of trips to the shop for expensive maintenance good.

As for UI, unless they've significantly improved the setting menu in the past year, it's not even close. It's not that Apple's settings are perfect, but Androids was worse. That said, I used my Android phone for more things than I use the iPhone. I have no love of either.

As for build: plastic vs metal and glass. And much like a mercedes or BMW which spend a lot of time in the shop, the iPhone is fragile and easily breaks (though I've dropped mine many times without issues, but it's in a good case, so that's probably why it survived.
 
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