In a note to clients — as reported by “AppleInsider” (www.appleinsider.com) — Piper Jaffray Gene Munster says the big shake-ups to Apple’s executive team (http://macte.ch/ncQJj) is no cause for concern.
Design guru Jony Ive will be with Apple for the “foreseeable future,” he adds. Munster thinks Ive’s expanded role should put to rest “a recurring investor concern of an Apple without Ive.”
“This, combined with Tim Cook’s nine years remaining on his contract with Apple, suggests the two most critical management figures will be in place for the longer term,” the analyst said. “”Apple is consolidating leadership around core long term executives, and the probability that key management is committed to Apple appears to have increased.”