Former Apple CEO John Sculley: Apple is well-run
Although Tim Cook has been at Apple's helm for a while now, concern over his long-term guidance continues to permeate opinions of both shareholders and analysts. For his part, former Apple CEO, John Sculley, is confident in Apple's management. The Motley Fool reports that during a recent interview with CNBC, Sculley was very upbeat about the future of his former company.
"I think they're going through a very significant change now in terms of product cycles," Sculley explains. "Traditionally Apple introduces products once a year; now it's really introducing products twice a year. The complexity of that from a supply chain is immense, and Apple seems to be doing it well. So, I think that people are underestimating just how well Apple is run, and just how successful the company can be when it gets to that twice-a-year product introduction cycle."
Sculley went on to note that he believes Apple's valuation should remain relatively constant despite the change in leadership, mentioning that product guru Jony Ive brings a lot to the table. Whether investors see it the same way is an entirely different story, and while some analysts consider whether Apple's valuation deserves the so-called "Steve Jobs premium" it once had, the company has its work cut out for it to calm the fears of Wall Street.
Former Apple CEO is confident in Apple's leadership.
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