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

(View all)
Avatar
92 months ago
Here come the arm chair CEOs.
Score: 136 Votes (Like | Disagree)
Avatar
92 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.
Score: 86 Votes (Like | Disagree)
Avatar
92 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.
Score: 85 Votes (Like | Disagree)
Avatar
92 months ago
lol looks like they want Apple to change the world every 3 years.
Score: 68 Votes (Like | Disagree)
Avatar
92 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?
Score: 67 Votes (Like | Disagree)
Avatar
92 months ago

Here come the arm chair CEOs.


I vote this as the best, most accurate comment on these forums ever.
Score: 60 Votes (Like | Disagree)

Top Stories

Apple Takes Legal Action Against Small Company With Pear Logo

Saturday August 8, 2020 11:09 am PDT by
Apple is taking legal action against the developers of the app "Prepear" due to its logo, according to iPhone in Canada. Prepear is an app that helps users discover recipes, plan meals, make lists, and arrange grocery deliveries. The app is a spinoff of "Super Healthy Kids," and the founders claim that they are facing litigation from Apple. Apple reportedly takes issue with Prepear's logo, ...

Kuo: Global iPhone Shipments Could Decline Up to 30% If Apple Forced to Remove WeChat From App Store [Updated x2]

Sunday August 9, 2020 10:17 pm PDT by
In a worst-case scenario, Apple's annual global iPhone shipments could decline by 25–30% if it is forced to remove WeChat from its App Stores around the world, according to a new research note from analyst Ming-Chi Kuo viewed by MacRumors. The removal could occur due to a recent executive order aiming to ban U.S. transactions with WeChat and its parent company Tencent. Kuo lays out...

iPhone Maker Foxconn Says China's 'Days as the World's Factory Are Done'

Wednesday August 12, 2020 7:55 am PDT by
China will no longer be the world's manufacturing epicenter going forward, according to Apple's largest supply chain partner Foxconn, which has been gradually expanding its operations in other countries amid the U.S.-China trade war. "No matter if it's India, Southeast Asia or the Americas, there will be a manufacturing ecosystem in each," said Foxconn chairman Young Liu, according to Bloombe...

Google Maps Debuts New Apple Watch App and CarPlay Features

Monday August 10, 2020 9:16 am PDT by
Google today announced the launch of several features for Google Maps on Apple products, including new CarPlay functionality and a new Google Maps app that works on Apple Watch. The new Google Maps app for Apple Watch works similarly to the iOS app, allowing Apple Watch owners to get directions for a car, bike, public transit, or on foot. The app supports estimated arrival times and...

Apple May Release 4G-Only iPhone 12 in Early 2021

Tuesday August 11, 2020 5:28 am PDT by
In a research note shared by Business Insider, Wedbush Securities analysts said that Apple may release a cheaper iPhone 12 in early 2021 with no 5G connectivity. Wedbush initially believed Apple would launch a mix of 4G and 5G iPhone 12 models this fall. Following re-examination of Asian supply chains, analysts Daniel Ives, Strecker Backe, and Ahmad Khalil revised the predictions,...

iPad Pro Keyboard Comparison: Logitech's $160 Folio Touch vs. Apple's $300 Magic Keyboard

Tuesday August 11, 2020 2:11 pm PDT by
Logitech recently debuted the Folio Touch, a keyboard and trackpad case designed for the 11-inch iPad Pro that serves as an alternative to the Magic Keyboard. In our latest YouTube video, we compare the $160 Folio Touch to Apple's $300 Magic Keyboard to see which is better. Subscribe to the MacRumors YouTube channel for more videos. Logitech is selling the Folio Touch for $160, while Apple's...

Foxconn Reportedly Begins Seasonal Hiring Spree for iPhone 12 Production

Monday August 10, 2020 7:03 am PDT by
Apple's largest manufacturing partner Foxconn has begun its seasonal hiring spree to assist with iPhone 12 production, offering employees who recruit qualified applicants up to a 9,000 yuan bonus, according to Chinese media reports. As usual, Foxconn needs as many hands on deck as possible at its factory in Zhengzhou, China to assist with mass production of the upcoming iPhones. Apple is...

Apple Seeds First Public Beta of watchOS 7 to Public Beta Testers

Monday August 10, 2020 10:33 am PDT by
Apple today seeded the first public beta of an upcoming watchOS 7 update to public beta testers, one week after seeding the fourth beta to developers and a month and a half after the Worldwide Developers Conference. The update can be downloaded after installing the proper profile from Apple's Public Beta website. watchOS 7 should not be installed on a primary device as it is still an early...

Apple Watch Likely to Adopt MicroLED Display Technology in 3-4 Years

Monday August 10, 2020 2:55 am PDT by
This year's Apple Watch Series 6 is expected to feature an OLED screen like previous models, but a future model is likely to be the first Apple product to adopt MicroLED display technology, albeit not for another three to four years. That's the main takeaway reading between the lines of comments made by the chairman of Epistar, Taiwan's top LED producer, which is reportedly working on a...

Parallels Desktop 16 Brings macOS Big Sur Support, Multi-Touch Gestures, 20% Faster DirectX, and More

Tuesday August 11, 2020 2:17 am PDT by
Parallels Desktop 16 released today, bringing some notable new features and performance enhancements to the virtualization software, including full support for macOS Big Sur. When Apple introduced macOS Big Sur, it ended support for the third-party kernel extensions that previous versions of Parallels were built on. That forced the developers to re-engineer the virtualization software from the ...