# Hard times bite Apple, CEO and products questioned (HT Tech) > Apple has thus far delivered on the vision of Steve Jobs, and a new visionary who is at least as passionate as the iconic figure is needed to fix the company # Hard times bite Apple, CEO and products questioned ## Apple has thus far delivered on the vision of Steve Jobs, and a new visionary who is at least as passionate as the iconic figure is needed to fix the company Apr 28 2016, 13:00 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![image caption](https://images.hindustantimes.com/tech/rf/image_size_800x600/HT/p2/2016/04/28/Pictures/california-apple-headquarters-cupertino-speaks-during-event_4478227e-0d12-11e6-97fe-df0dbda1a49a.jpg) Apple has thus far delivered on the vision of Steve Jobs, and a new visionary who is at least as passionate as the iconic figure is needed to fix the company (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By AFP Is Apple facing a rare, simple pause in growth in a tough global economy or has it lost its magic for dreaming up must-have new gadgets like the iPhone? The question was front-of-mind Wednesday on Wall Street, where shares in the California-based company fell more than six percent to $97.82 by the official close of trading on the Nasdaq exchange. The drop erased the equivalent of $40 billion in market capitalization and came after Apple Tuesday reported its first year-over-year quarterly revenue drop in 13 years. Also read click here. Apple also forecast that the current quarter would be difficult. Revenue was down during the first three months of this year due to the first drop in iPhone sales since the release of the world-changing handsets in 2007. Sales of iPhones have been the engine for Apple earnings for a while. Read more: Amid talk of 'peak iPhone', Apple's prospects hinge on next model Cruising on a flagship? FBN Securities said in a note to analysts that it was "concerned" that since taking over as chief executive in 2011, Tim Cook has not delivered "any real transformative products." An Apple Watch that made its debut last year was seen as the company's first foray into a new product category under Cook. Apple has not revealed sales figures for its smartwatch, but Cook said on an earnings call that they "met expectations" during the quarter. Given the absence of official sales figures, observers are left to speculate how Apple Watch is doing in the market. The fact that Apple Watch synchs to iPhones has raised doubts it could be a stand-alone hit instead of an accessory. Apple Pay, the service that lets iPhones act as digital wallets, is viewed through a similarly dependent lens. Apple has long been a ripe target for rumors, with recent speculation including talk that the company is working on self-driving cars and virtual reality. "The car entry would be years away and it would not at all be clear if Apple would succeed -- especially considering Tesla's recent success with its Model 3," FBN said in its note. Tesla has been swamped with orders even though release of the car is a year away. Seeking a new Steve Jobs "The pace of innovation has completely slowed down at Apple," said Global Equities analyst Trip Chowdhry. "The projects that Tim Cook is talking about are taking so much time... by the time they are ready they are already obsolete." Chowdhry depicted Apple as a company that was in fine shape except for a bedeviling lack of vision and passion at the top, pointing a finger at Cook, chief financial officer Luca Maestri, and senior vice president of retail and online stores Angela Ahrendts. "Get rid of these three people, and Apple will come back to its past glory," the analyst said. Apple has thus far delivered on the vision of Steve Jobs, and a new visionary who is at least as passionate as the iconic figure is needed to fix the company, Chowdhry reasoned. He recommended former Apple executive Jon Rubinstein for the job. Former Apple manager Guy Kawasaki, who helped launch the Macintosh computer in the 1980s said in a CNBC television interview that the company needs to get back to making products people "lust" for. Kawasaki gave the example of iPhones that boast improvements from prior generations but don't stand apart from predecessors in big ways. "We need a product that leaps to the next curve," Kawasaki said. "I don't think that is simply making the iPhone smaller or the iPad bigger." He said that Jobs and his famous "reality distortion field" could dazzle people with product upgrades, but without him such modifications have not come across as revolutionary. Meanwhile, many analysts have taken to counselling investors to be patient. "Just wait until 2017, when comparisons will be easier," advised FBN, noting that earnings will then be up against those reported this year instead of a year in which a hot-selling iPhone 6 debuted. The coming iPhone 7 could be a "game changer" according to RBC Capital Markets. Analysts also pointed out that with more than a billion Apple devices being used around the world, Apple is positioned to rake in money selling content, products and services to users. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel. 28 Apr, 12:08 IST 71,589,383,649,335 NEXT ARTICLE BEGINS ![View all](https://images.hindustantimes.com/tech/static/revamp/images/png/view-all-icon.png) ## Tips & Tricks ![Ghibli-style art](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### How to turn your photos into Ghibli-style art with ChatGPT for free: Step-by-step guide ![How to create an invitation using iPhone’s new Apple Invites app- Step-by-step guide](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### How to create an invitation using iPhone’s new Apple Invites app- Step-by-step guide ![Apple TV app arrives on Android phones and tablets: What you get and how to install it](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Apple TV app arrives on Android phones and tablets: What you get and how to install it ![Vodafone Idea OTT plans](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Vodafone Idea users can now stream 17 OTT apps with one subscription: Here's how ![Android data transfer methods](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### How to transfer data from one Android to another using Google backup, USB-C cable, and more ## Editor’s Pick ![iPhone 16e launched with A18 chip, Apple AI—bringing flagship power on a budget: Check specs, price](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### iPhone 16e launched in India: All details about the new budget mobile from Apple ![DeepSeek was founded in China with only a fraction of the budget of the top AI companies in the US.](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### DeepSeek AI: How it works, who’s behind it, how it’s different from ChatGPT, and its big US market impact explained ![iPhone 17 Air likely to get this feature that iPhone 17 Pro models may miss out on](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### iPhone 17 Air likely to get this feature that iPhone 17 Pro models may miss out on ![Google Whisk AI explained: How remixing works, availability, and how it differs from Gemini](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Google Whisk AI explained: How remixing works, availability, and how it differs from Gemini ![iOS 18.4 beta arriving soon: Know why it is the biggest iPhone update](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### iOS 18.4 beta arriving soon: Know why it is the biggest iPhone update ## Trending Stories ![Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order ![Infinix Note 50s 5G+](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Infinix Note 50s 5G+ set to launch in India with 64MP camera and MediaTek Dimensity 7300 SoC ![Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more ![Apple Intelligence AI training](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Apple plans to train AI using your on-device data without accessing personal content or emails: Report ![CMF Buds 2](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### CMF Buds 2 key features and price revealed ahead of April 28 launch: Details inside keep up with tech ![Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/tech-facebook.png) ![Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/tech-twitter.png) ![WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/tech-whatsApp.png) ![Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/tech-facebook.png) ## Gaming ![Check out these five gaming monitors under ₹20,000,](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Top 5 gaming monitors under ₹20000 you should consider ![gaming consoles](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Grab gaming consoles at discounted rates during Amazon Great Indian Festival: Up to 72% off ![Pokémon GO Wild Area 2025](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Pokémon GO Wild Area 2025 to bring Grimmsnarl family, Shiny Hatenna, and global challenges ![Shade Silver](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Shade Silver free on Steam for a limited time: Here’s how to get it ![Call of duty](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Call of Duty: Black Ops 7 skips Switch 2 at launch, release date and price leak ![View all](https://images.hindustantimes.com/tech/static/revamp/images/png/view-all-icon.png) ## Trending News ### Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order ![Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order](https://images.livemint.com/static/static/1x1_img.gif) ### Infinix Note 50s 5G+ set to launch in India with 64MP camera and MediaTek Dimensity 7300 SoC ![Infinix Note 50s 5G+](https://images.livemint.com/static/static/1x1_img.gif) ### Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more ![Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more](https://images.livemint.com/static/static/1x1_img.gif) ### Apple plans to train AI using your on-device data without accessing personal content or emails: Report ![Apple Intelligence AI training](https://images.livemint.com/static/static/1x1_img.gif) ### CMF Buds 2 key features and price revealed ahead of April 28 launch: Details inside ![CMF Buds 2](https://images.livemint.com/static/static/1x1_img.gif) ## Trending Gadgets Mobiles Laptops Tablets ![HT Tech](https://images.hindustantimes.com/tech/static/revamp/images/png/HT_tech-new.gif) - https://tech.hindustantimes.com/tech/news/apple-needs-steve-jobs-reality-distortion-field-to-get-back-into-the-game-guy-kawasaki-story-5j0XAMn9m0PYrQpWm7aWCN.html