The iPhone 5 will be revealed in under an hour. In all likelihood, it won't be called that—that's just the general name people are calling the device, since it will technically be the fifth iPhone model from Apple. As with any iPhone launch, there have been the obligatory predictions, analysis, and mountains of rumors, but this launch is different from previous ones in a big and obvious way: Apple is unveiling the next iPhone in the fall instead of summer. Why?
It used to be there was a kind of unwritten agreement between Apple and its customers. Apple didn't say word one about any of its products until they were on the verge of general release. On the other side, customers and observers—the whole world, really—could rely on an extremely regular product release schedule: iPods in the fall, iPads in the winter/spring, and iPhones in the summer. It was so predictable you could plan vacations around it.
According to tipsters speaking to AllThingsD's John Paczkowski, Apple's allegedly planning on making its big iPhone 5 announcement at an event on October 4. But contrary to previous announcement events, you won't be seeing Apple executives strutting around the stage at San Francisco's Yerba Buena Center for the Arts. According to Paczkowski's sources, Apple's moved the big iPhone announcement to its main campus.
There's no indication as to why the event moved. The reasoning could be as innocuous as the fact that the Yerba Center might already have been booked with another event on October 4. Or, for that matter, Apple might not have exactly known when it was going to be able to produce its iPhone announcement and, thus, hosting the event on its own campus affords the company additional flexibility (and additional time to pick the date).
If All Things D is to be believed (and they're a very trustworthy source,) Apple will be taking the stage on October 4th to introduce the iPhone 5 to the world. New Apple CEO Tim Cook is expected to take the reigns for the event, likely with a familiar cast of Apple execs like Scott Forstall and Phil Schiller. The report claims that this is more than just an educated guess at a date, but rather this is a date that has been selected by Apple itself.
Along with an iPhone 5 announcement, we also expect details of a slightly redesigned and discounted iPhone 4, as well as details on where the iPod line is going next (as is typical for Apple Fall events.) So the wait will be another couple of weeks, but in the meantime you can tide yourselves over by reading through all the iPhone 5 rumors.
In 2009, Apple chief executive Steve Jobs stepped down unexpectedly – for the first time.
Now, Tim Cook, Apple's new chief executive, is in the same place as he was before, being asked to lead a company that's associated, in many minds, with Jobs himself.
In 2009, I asked Marshall Goldsmith, the author of What Got You Here Won't Get You There, and 23 other books, and a columnist for the Harvard Business Publishing Web site what he thought Cook should do. Below are excerpts from that conversation.
Let's talk about Tim Cook. What sort of problems does he face, taking over for an iconic CEO like Jobs?
Big problems. Its not any fault of his. His problems are not that something's wrong with him. His problems are that he's replacing an icon. I was at UCLA when John Wooden was the basketball coach. The next coach was Gene Bartow, who got fired for winning 90 percent plus of his games. He wasn't John Wooden. It's incredibly difficult to replace someone who has seen as an icon.
The only thing I don't think people don't understand about good leaders is that they're both good and lucky. A lot of it is timing. If Jack Welch was still the CEO of General Electric, he wouldn't nearly be the icon he is today. The timing was good. General Electric's stock would have tanked whether he left or if he had stayed. But he happened to leave at the right time and so he came off as an iconic, do no wrong figure. But he was lucky. I'm sure he was a great CEO, but the thing is you can be a great CEO and the corporate results can tank.
Steve Jobs' first and only authorized biography, "Steve Jobs: A Biography," will be updated with news of the Apple CEO's sudden resignation on Wednesday night and remains on track to hit bookstores in November.
Publisher Simon & Schuster said the highly anticipated tell-all biography, written by acclaimed biographer Walter Isaacson, will include Wednesday night's announcement from Jobs' point of view.
Simon & Schuster spokeswoman Tracey Guest told us that Isaacson "speaks to Jobs regularly and is still working on the final chapter of the book."
You can pre-order the biography on Amazon for $20.40, or wait for it to hit bookstores on November 21 for the retail price of $32.50.
Steve Jobs has resigned from his role as CEO of Apple. In a major bombshell, Jobs drafted a letter to the Board of Directors (which we have posted after the break) explaining that the time has come where he is no longer able to meet his duties and expectations as Apple CEO. It's truly the end of an era, as many see Apple and Steve Jobs as an inseparable pair. However, recent health problems have led to Jobs taking a few leaves of absence, most recently this past January. Many speculated that he wouldn't return from this latest leave, and now it has come true.
Steve Jobs has recommended that Tim Cook, who has been acting as CEO in his absence, be named as his permanent successor. Steve would like to act as Chairman of the Board, director, and Apple employee.
Over the last few years, Apple has stockpiled cash in such huge amounts that investors often question Apple about its strategy of keeping so much money around. When asked about it, Steve Jobs and team always points out that the market is unstable and they need to have cash in place for good times and bad, as well as have money available for major acquisitions, as part of its growth strategy.
And even though this answer normally keeps its investors at bay, as Apple continues to grow its cash reserves, which currently sits somewhere around $70 billion, investors and media alike continue to tell Apple that perhaps it's time to release a dividend to shareholders. But Apple is steadfast about its position. An interesting post from an anonymous writer on Quora recently shared a fascinating view of why Apple keeps so much cash around.
As we reported earlier today, Steve Jobs has taken another medical leave of absence from Apple.
So what happens now? That's the exact question that the world seeks answers for in the wake of this morning's announcement. What we do know is certain: Tim Cook, chief operating officer, will be at the helm for the companies major product launches going forward.
What we don't know is, well, everything else. But Jobs' unexpected health announcement does shed new light on recent Apple dealings as of late and, more importantly, comes with a few givens for the future.
The saga of health of Steve Jobs and the rumors surrounding his condition are back, as the Apple CEO had just announced that he will be taking a six-month leave of absence from his post at the helm of Apple. COO Tim Cook will handle day-to-day operations at the company while Jobs is gone. All this, after Steve handed the MacWorld keynote slot to Phil Schiller, and even went on to post that his health was under control. In a note to Apple, Steve Jobs made it known that he had just learned that his health issues are a little more “complex” than first diagnosed.
You can find that letter below - we just hope that Steve gets back to good health quickly, and actually does return to his usual role as Apple CEO. However, something tells us that he may not be back. Of course, we hope we are wrong.
I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my
health-related issues are more complex than I originally thought.
In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.
I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.
I look forward to seeing all of you this summer.