Apple Inc.(NASDAQ:AAPL)’s investors became slightly wary due to modifications to the executive team, but market watchers don’t see a cause for concern. Gene Munster and Piper Jaffray stated that Jony Ive, Apple’s well-known designer will be with the company in the near future, thereby putting an end to rumors of “Apple without Ive”. CEO Tim Cook still has 9 years left on his contract.
Apple’s former head of iOS software, Scott Forstall departure has raised questions that his resignation might have been forceful due to widespread criticism about Apple’s flawed mapping tool.
Ive is in charge of a new Human Interface team, Eddy Cue is responsible for Siri and Maps, Bob Mansfield will man the new Technologies group including the wireless teams, and Craig Federighi will head the iOS and OS X software. Forestall, will be an advisor to Tim Cook, which might be a move to prevent him from joining a rival. A retail chief will also be recruited.