Apple Inc chief design officer Jony Ive is leaving after decades at the iPhone maker to form an independent company — with Apple as one of its primary clients.
Ive is responsible for the look of the company’s most iconic products.
LoveFrom, his new firm, would continue to work with Apple on projects, he said in an interview with the Financial Times on Thursday.
“Apple will continue to benefit from Jony’s talents by working directly with him on exclusive projects, and through the ongoing work of the brilliant and passionate design team he has built,” Apple chief executive officer Tim Cook said in a statement.
Apple shares slipped less than 1 percent in extended trading on Thursday. The stock closed at US$199.74 in New York.
“Ive is leaving a hole in the company and is clearly irreplaceable as he has been one of the most important figures at Apple throughout the past few decades,” Wedbush Securities Inc analyst Dan Ives wrote in a note to analysts.
“While this is a bit if a shocker to Apple and its investors, we are not overly concerned, as Ive will continue to work closely with Cook & Co,” Ives said.
Ive started leading Apple’s design team in 1996, before Apple cofounder Steve Jobs returned to the company, as it was on the brink of bankruptcy.
Over the past two decades, Ive’s designs, from the original iMac desktop computer in 1998 to the first iPod in 2001 and the iPad in 2010, have been a significant factor in Apple’s growth.
In 2012, a year after becoming CEO, Cook put Ive in charge of software design as well.
Ive is to be replaced by existing Apple designers.
Evans Hankey, vice president of industrial design, and Alan Dye, vice president of human interface design, are to report to Apple chief operating officer Jeff Williams, the company said.
Dye and Hankey have played key leadership roles on Apple’s design team for many years. They were among executives who took over day-to-day management of the team when Ive stepped away to focus on the creation of company’s new headquarters in Cupertino, California.
Williams has led the development of Apple Watch since its inception and is to spend more of his time working with the design team in their studio, the company added.
Separately, Apple said that Sabih Khan, a 24-year company veteran, would be senior vice president of operations.
In the past few years, Khan has inherited more responsibility for global supply chain operations that churn out hundreds of millions of devices per year — tasks once handled by Williams.
Khan runs day-to-day manufacturing of the iPhone, as well as other devices, and his team has become involved increasingly early in the design process.
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB
Nintendo Co is raising its target for Switch production to about 25 million units this fiscal year, people familiar with the matter said, as the ongoing COVID-19 pandemic keeps lifting demand and component shortages ease. The Kyoto, Japan-based company, which in April hiked orders to 22 million units by March next year, is asking partners to tack on another few million units, said the people, who did not want to be identified discussing internal goals. Assembly partners plan to work at maximum capacity through December. The new production target suggests that Nintendo is likely to outperform its Switch sales forecast of 19 million
NERVOUS MARKET: With the infection sources still unknown for three COVID-19 cases that had departed Taiwan, investors have become uneasy, an analyst said Local shares yesterday came under heavy downward pressure, falling more than 1 percent as renewed fears over a possible increase in domestic COVID-19 infections hit market sentiment after the nation last week reported a case related to a Belgian national. Selling focused on the bellwether electronics sector, led by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which pushed down the broader market as investors ignored gains posted by tech heavyweights on the US market at the end of last week, dealers said. The TAIEX closed down 151.77 points, or 1.2 percent, at 12,513.03, on turnover of NT$231.43 billion (US$7.84 billion). Foreign