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Apple Board of Directors 'Concerned' About the Speed of Innovation?

ApplelogoApple's Board of Directors has expressed concern about the company's "pace of innovation" according to a report from Fox Business Network's Charlie Gasparino. The board is normally extremely secretive and, if accurate, this report is unlike anything we've heard from inside the company in recent years.
From what we understand, there is concern at the board level, sources are telling the Fox Business Network, about the pace of innovation over at Apple. What have they had lately? They had the iPad and a few other things, but they don't have anything innovating from what came from Steve Jobs and that concern is basically manifesting into pressure on Tim Cook to innovate, and to do something fast.

We should point out, this is an interesting boardroom drama. It does not mean that Tim Cook is out of a job or that there is a job search out there, we don't know that and I don't believe that is happening. In fact, sources inside Apple are saying that's not the case.

What we are able to confirm is that the board is worried about what is in the pipeline. Do they have the right stuff in the pipeline? Do they have innovative stuff in the pipeline? Do they have stuff to keep the momentum going?

Apple's stock is currently down 35% from its all-time highs earlier this year, though the stock has made a bit of a run recently. Tim Cook's two-year anniversary as CEO of Apple is coming up on August 24th, and the company is expected to introduce new models of the iPhone and iPad this fall.

Thanks Scott!

Top Rated Comments

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17 months ago
Here come the arm chair CEOs.
Rating: 136 Votes
17 months ago
"sources are telling the Fox Business Network, about the pace of innovation over at Apple."

I'm gonna call shenanigans on this rumour.
Rating: 86 Votes
17 months ago
Asking Tim Cook to innovate is like asking Steve Jobs to run Worldwide Operations.
Asking Tim Cook to innovate is like asking Dexter to not suck this final season.
Asking Tim Cook to innovate is like asking Breaking Bad to suck this final season.
Asking Tim Cook to innovate is like asking Twitter for 141 characters.
Asking Tim Cook to innovate is like asking Jony Ive to change the newsstand icon.
Asking Tim Cook to innovate is like asking OS X installation screen to print the correct estimated amount of time left.
Asking Tim Cook to innovate is like asking for Ocean's 14.
Asking Tim Cook to innovate is like asking for a bag of cookies where all cookies are intact.
Asking Tim Cook to innovate is like asking for Lay's to make Lay's Ketchup for USA.
Asking Tim Cook to innovate is like asking for NBC to do the Tonight Show right.
Asking Tim Cook to innovate is like asking that dude that's texting while crossing the street to walk faster.
Rating: 85 Votes
17 months ago
lol looks like they want Apple to change the world every 3 years.
Rating: 68 Votes
17 months ago

I agree with the Board of Directors. There has been nothing *phenomenal* from Apple recently, at least not at the pace other smartphone and PC manufacturers have put out groundbreaking products.


What other tech companies are revolutionizing the world with their products?
Rating: 67 Votes
17 months ago

Here come the arm chair CEOs.


I vote this as the best, most accurate comment on these forums ever.
Rating: 60 Votes
17 months ago
iPhone 2007

iPad 2010

Where was all the screaming and gnashing of teeth between those years?

No one had any clue about the iPhone and iPad before release date so all of you haven't a clue of what Apple has up it's sleeve.
Rating: 59 Votes
17 months ago
I feel bad for Tim Cook. People have these wacky expectations for him to push Apple to bring something new and innovative to the table every year because they think if Jobs was still in charge he would.

I think folks need to really look at how quickly new innovations came out of Apple under Steve Jobs. The iPod came out in 2001 and really only saw relatively minor spec bumps and some casing redesigns all the way up to 2007 when the iPod Touch came out. None of those spec bumps or case redesigns were considered all that innovated (at least not by me). So then the iPhone also came out in 2007 and that was innovative. Then what? The iPad in 2009 was probably the next big "innovative" thing.

Steve Jobs is being idealized a bit too much, I think. Give poor Tim a break, everyone.
Rating: 57 Votes
17 months ago
Innovation is not something that you just do. It takes time, and is better if it's "organic" than forced.
Rating: 54 Votes
17 months ago
it's a fake rumour circulated by high-level fandroids
Rating: 45 Votes

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