Latest news with #LightShedPartners
Time of India
21-07-2025
- Business
- Time of India
Apple has a new Indian-American COO. What it needs might be a new CEO.
Is peak Apple over? To ask this question of a company which just recently, in December 2024, recorded its highest market cap ever of USD3.73 trillion — with a T — may seem foolhardy. But there is a general sense of unease and disquiet among many Apple watchers. Just last week, all of this uncertainty about the future made two analysts — Walter Piecyk and Joe Galone of LightShed Partners, a New York-based research firm — articulate what many have
Economic Times
21-07-2025
- Business
- Economic Times
Apple has a new Indian-American COO. What it needs might be a new CEO.
Is peak Apple over? To ask this question of a company which just recently, in December 2024, recorded its highest market cap ever of USD3.73 trillion — with a T — may seem foolhardy. But there is a general sense of unease and disquiet among many Apple watchers. Just last week, all of this uncertainty about the future made two analysts — Walter Piecyk and Joe Galone of LightShed Partners, a New York-based research firm — articulate what many have
Egypt Independent
20-07-2025
- Business
- Egypt Independent
Tim Cook was hand-picked to lead Apple. Some say it's time for him to go
New York CNN — Two research analysts made waves last week when they called for a major shakeup at tech giant Apple. The analysts weren't suggesting a logo or product redesign. Instead, they called for the replacement of Tim Cook, the CEO who directly succeeded Steve Jobs in 2011 and helped catapult the company to its $3 trillion valuation. Walter Piecyk and Joe Galone of LightShed Partners, a New York-based technology, media and telecommunications research firm, are questioning whether Cook is still the right person to lead one of the world's most valuable companies amid concerns that it's fallen behind in AI — a technology that's already disrupting work, education and other facets of everyday life. Apple has already faced pressure to come up with a new hit product as sales of smartphones, Apple's biggest revenue driver, have slowed across the industry. 'Apple now needs a product-focused CEO, not one centered on logistics,' the pair wrote on July 9. An Apple store on September 20, 2024, in Kuala Lumpur, Cook would be a high-stakes move for Apple; the company is already undergoing leadership changes elsewhere in the C-suite, and changing CEOs could further pull focus away from running Apple's core business. Cook is also widely supported by Apple's board and has 'staying power akin to other captains of industry' such as Disney's Bob Iger and JPMorgan Chase's Jamie Dimon, reports Bloomberg's Mark Gurman, who has long tracked Apple's business strategy. There's no evidence to indicate Cook is going anywhere soon. Shares of Apple (AAPL) have skyrocketed under Cook's tenure, during which he's also built other lucrative products after the iPhone's success — such as smartwatches, earbuds and digital services. To be sure, the LightShed note is just one take in a crowded field of analysts and researchers who follow Apple's business. But it is perhaps an indication that Apple's AI setbacks are bigger than a standard product delay — to some, they're shaking confidence in Apple's ability to innovate. And Piecyk and Galone aren't the only ones questioning whether Apple needs fresh leadership. 'He's a supply chain guy. They need a tech visionary,' said Ted Mortonson, managing director and technology sector strategist at financial services company Baird. 'I think they're in a lot more trouble than some people think.' Apple did not respond to CNN's request for comment. Apple's challenges in 2025 Apple has grappled with a litany of challenges so far in 2025, among them: President Donald Trump's tariff threats; fresh restrictions from the European Union on how it runs its valuable App Store; and a federal judge allowing an antitrust lawsuit alleging it has monopolized the smartphone market to proceed. But concerns about the iPhone maker's slow progress in AI have been front and center. The company in March said it's delaying a long-awaited update to Siri that would have enabled it to answer more complex questions with personalized answers and handle tasks on a user's behalf. That type of change would bring Siri closer to more modern AI agents like OpenAI's ChatGPT and Google's Gemini. The company hasn't said much about when the revamped Siri will arrive aside from needing 'more time to reach our high-quality bar,' Craig Federighi, Apple's senior vice president of software engineering, said in June at the company's Worldwide Developers Conference. The concern is broader than Siri alone, it's that Apple doesn't seem to have much to show for its AI efforts so far, Creative Strategies CEO and principal analyst Ben Bajarin told CNN earlier this year. Apple has shaken up its AI leadership in an effort to accelerate its efforts in the space, according to Bloomberg. Apple Intelligence, which arrived in 2024 following the iPhone 16's September launch, includes tools that can summarize notifications, transcribe phone calls, erase objects in photos, and use an iPhone's camera to search Google or prompt ChatGPT and create images. Apple's annual Worldwide Developers Conference in Cupertino, California, on June 9, 2025. Josh Edelson/AFP/Getty Images Although Apple delayed the Siri update, it did announce a batch of new AI features coming this fall, including live-language translation, AI-generated workout insights for the Apple Watch and enhancements to existing features. But many of these upgrades are Apple playing catch-up to tools already offered by other tech companies, and may not be enough to position Apple as a leader. '(Cook) has done a great job of getting Apple to where it is, but the environment certainly has changed,' said Thomas Martin, partner and senior portfolio manager at investment firm Globalt. 'They are really struggling on the AI front. It's a different animal, because AI is software, and Apple is traditionally almost exclusively hardware.' Under Cook's watch, other high-profile products or projects have fallen short of expectations in recent years. Last year, Apple launched the $3,500 Vision Pro headset, heralding it as the future of computing. But more than a year on, it remains a niche, novelty device as some of Apple's competitors are moving ahead with more stylish and practical augmented reality glasses. A person wears Vision Pro headset the product release at the Apple Store in New York City on February 2, 2024. The Vision Pro, the tech giant's $3,499 headset, is its first major release since the Apple Watch nine years ago. Angela Weiss/AFP/Getty Images Also in 2024, Apple reportedly ended a decade-long effort to build an electric car, known internally as Project Titan, pulling the plug on what was believed to be an ambitious, expensive endeavor. Apple has made other significant changes to its leadership. Chief Financial Officer Luca Maestri was replaced at the start of 2025, although he remains vice president of corporate services according to Apple's website. And the company announced that longtime Chief Operating Officer Jeff Williams will leave the post this month and retire this year. Tough shoes to fill Cook, 64, has been Apple's CEO for nearly 14 years and is widely respected for his operational acumen. He stepped out of the shadow of one of America's most iconic CEOs, Steve Jobs, and built a global supply chain and ecosystem of products and services that maintained Apple's place as one of the world's most valuable companies. He also carved out an important role for Apple in the digital health space with the Apple Watch, which was introduced in 2014 and was the first major new product launched under Cook's tenure. Apple is now a market leader in wearable technology, which includes both the Apple Watch and other devices like its AirPods — it claimed nearly a quarter of the global market for wearables as of the fourth quarter of 2024, according to market research firm the International Data Corporation. Under Cook's leadership, Apple's market cap went from just over $342 billion in August 2011 to roughly $3 trillion today. Even the two LightShed Partners analysts have acknowledged that Cook has done 'a great job.' 'To be clear, Tim Cook was the right CEO at the time of his appointment and unquestionably has done a great job,' the analysts wrote. And further change to Apple's executive ranks might hinder their efforts to expand in AI.
Tahawul Tech
18-07-2025
- Business
- Tahawul Tech
LightShed Partners Archives
Analysts at LightShed Partners have called for a regime change at Apple in the wake of the company's AI struggles and the failure of several projects.
Tahawul Tech
18-07-2025
- Business
- Tahawul Tech
Is it time for a new Apple CEO?
Analysts at LightShed Partners have called for a regime change at Apple in the wake of the company's AI struggles and the failure of several projects. In a note to clients, LightShed analysts Walter Piecyk and Joe Galone wrote: 'Apple now needs a product-focused CEO, not one centered on logistics.' Current Apple CEO Time Cook spent 12 years in IBM's personal computer business and served as its director of North American fulfilment. He replaced Steve Jobs as Apple CEO in 2011. 'AI will reshape industries across the global economy, and Apple risks becoming one of its casualties,' according to Piecyk and Galone. 'Calling last year's WWDC simply a case of over-promising and under-delivering would be kind. Apple was nowhere with AI then, and little has changed since.' The note was issued the same day Apple announced chief operating officer Jeff Williams is retiring later this year, with SVP operations Sabih Khan taking over as COO and Cook assuming direct oversight of the company's design team. 'Wall Street's read on the departure of Apple's COO is that it will cause little disruption,' the analysts stated. 'But isn't disruption exactly what Apple needs right now?' They noted the tech giant could see diminished search payments from Google as it faces antitrust scrutiny while Apple's App Store is also under pressure from regulatory entities. Piecyk and Galone credited Cook as 'the right CEO at the time of his appointment' and stated he 'unquestionably has done a great job.' They noted the company has sold over $2 trillion worth of iPhones with Cook at the helm. 'Missing on AI could fundamentally alter the company's long-term trajectory and ability to grow at all,' the analysts explained. 'This is a pivotal moment for Apple, it's time for more disruptive change, not less.' Source: Mobile World Live Image Credit: Apple
