An essential element of the Tim-
An excellent example of the form is buried within Fred Vogelstein's article about
"When Jobs died in October 2011, the prevailing question wasn't whether Tim Cook could succeed him, but whether anyone could. When Jobs ran Apple, the company was an innovation machine, churning out revolutionary products every three to five years.... But under Cook, nothing has materialized, and the lack of confidence among investors is palpable. Apple product announcements used to routinely send its stock soaring."
Is that so?
John Gruber at Daring Fireball expertly dissects these assertions. First, as Gruber observes, if the basis for claiming that the Jobs-era Apple was an "innovation machine" is that it turned out revolutionary products every three to five years, how is that a rap on Cook, who has been in charge for only two?
More telling, Gruber examines Apple's stock performance after its product announcements. What he finds is that the stock dropped, sometimes sharply, following the introduction of the
The exceptions were the introduction of the original iPhone in 2007 and the keynote at the expo in 2006, when Jobs introduced the first
In other words, Jobs' product announcements used to routinely send Apple shares falling, not soaring.
Inexperienced young tech writers and would-be pundits tend to think of Steve Jobs as an infallible demigod. Never made a mistake, never disappointed his customers, innovated constantly and brilliantly. Under Steve, Apple never stumbled. No sirree.
Absolutely none of that is true.
Vogelstein isn't a novice but a contributing editor at Wired and author of a forthcoming book about Apple and