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Tim Cook needs to step down: Angel investor Jason Calacanis

By CNBC

Dan Niles, AlphaOne Capital Partners founding partner; Jason Calacanis, angel investor and first round Uber investor; Dick Costolo, former Twitter CEO, join "Fast Money Halftime Report" in San FranRead full story

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  • I highly respect Jason and Tim Cook but these commentators usually always get Apple wrong.

    Yes AirPods aren't as revenue successful as iPhone, but they redefined what wireless headphones could be with the W1 chip (updated to H1 chip in Airpods 2). Apple's soul is still there, they are never the 1st

    I highly respect Jason and Tim Cook but these commentators usually always get Apple wrong.

    Yes AirPods aren't as revenue successful as iPhone, but they redefined what wireless headphones could be with the W1 chip (updated to H1 chip in Airpods 2). Apple's soul is still there, they are never the 1st to market but when they do come to market they are the best in terms of ease of use, experience, and specific technology (iPhone silicon architecture w/ iOS, Airpods chip w/ seamless software integration). Do I also need to go on about Apple Watch?

    Their concerns would be valid if since the iPhone the company has not "innovated" with hits like Airpods to Apple Watch.

    Innovation is not invention—people judge Apple's innovation based on a loose definition of invention.

    If you judge them by innovation, which is improving on and making a significant contribution to an existing product, process or service—then Apple gets high grades with the products I just mentioned above.

    What other company can truly innovate and convert such innovation into massive revenue and profit streams at the scale Apple does?

    And innovation takes time, lots of it, give Tim Cook a few more years (they haven't invested this much into R&D ever before). He has done an amazing job as CEO scaling and growing Apple into the huge titan it is today and the stockholders over his tenure have rewarded Apple immensely for it—no other person would have done a great job as Tim taking over the shoes of Steve Jobs.

    Innovation-wise Apple is doing well, they can definitely do better and won't ever be considered good enough until they come out with something that can exceed their smash hit iPhone (which is the curse of any company launching a mega-hit, is to exceed their own mega-hit...that's probably the hardest thing to do in the world for any company, artist, band, etc., to keep outdoing your greatest hits).

    FYI-I'm long AAPL (and used to work there and met Tim Cook)

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