The market doesn't seem to care about Jony Ive and what scores of articles have called the 'end of an era.'
Cook needn't have bothered. The market doesn't seem to care about Ive and what scores of articles have called the "In fact, when the markets closed on Tuesday, Apple was up 1.49% since the company's surprise announcement. Apple shareholders have voted with their money, and Ive's departure has not sunk the stock, as heThere are a few reasons why the markets haven't walloped Apple, Wedbush Securities analyst Dan Ives said.
In addition, both the US and China announced a truce in the trade war between the two countries over the weekend, which likely had a much bigger effect on Apple stock, given that Apple both sells into the Chinese market and does the majority of its complicated assembling on the mainland. After all, when Ive stops collecting an Apple paycheck later this year and becomes no more than a consultant, Apple will have one fewer of its 132,000 full-time employees. In September 1998, when Ive'sIt's tempting to see Apple's products coming out of a single design mind, especially compared to other consumer technology companies.
Jobs was the unofficial DRI for Apple's products. After all, he was the decider. But Apple's so large now that nobody can be the singular genius — the "DRI" — behind any given product. "Collaboration and teamwork are defining features of Apple's success across the company," Cook wrote in an internal emailIve's departure does not introduce any new risk that Apple will stop producing a new iPhone model every year, or selling Mac computers.
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