The new 2020 Corvette Stingray revealed. Guns for Ferrari with Chevy’s first mid-engine design

2020 Chevrolet Corvette Stingray Source: General MotorsGeneral Motors is gunning for Ferrari with its newest redesign of the Chevrolet Corvette — the 2020 Stingray unveiled Thursday night. First introduced in 1954, the Chevy Corvette quickly stood out in a market dominated by the heavy metal that was rolling out of most Detroit factories in that era. 2020 Chevrolet Corvette Stingray Source: General MotorsOf course, as you’d expect, the 2020 Chevrolet Corvette will offer a bump in power. And to s


2020 Chevrolet Corvette Stingray Source: General MotorsGeneral Motors is gunning for Ferrari with its newest redesign of the Chevrolet Corvette — the 2020 Stingray unveiled Thursday night. First introduced in 1954, the Chevy Corvette quickly stood out in a market dominated by the heavy metal that was rolling out of most Detroit factories in that era. 2020 Chevrolet Corvette Stingray Source: General MotorsOf course, as you’d expect, the 2020 Chevrolet Corvette will offer a bump in power. And to s
The new 2020 Corvette Stingray revealed. Guns for Ferrari with Chevy’s first mid-engine design Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: paul a eisenstein
Keywords: news, cnbc, companies, stingray, ferrari, corvette, guns, revealed, c8, car, chevys, source, design, engine, general, 2020, chevy, midengine, chevrolet


The new 2020 Corvette Stingray revealed. Guns for Ferrari with Chevy's first mid-engine design

2020 Chevrolet Corvette Stingray Source: General Motors

General Motors is gunning for Ferrari with its newest redesign of the Chevrolet Corvette — the 2020 Stingray unveiled Thursday night. First introduced in 1954, the Chevy Corvette quickly stood out in a market dominated by the heavy metal that was rolling out of most Detroit factories in that era. It’s long been called America’s sports car, but the launch of an all-new version of the “‘Vette,” General Motors is hoping it will become a global sales phenomenon as well with the C8, or eighth-generation Corvette. For the first time ever, Chevy is mounting its engine in the middle of the car — like Ferrari and other key competitors. With its distinctive, two-seat design and its powerful V-8 engine, the outgoing version of the car is one of the fastest ever produced in the U.S. But speed alone isn’t everything. For one thing, the current Corvette still has its engine mounted up front, while most of its global competitors have opted for a mid-engine layout that makes a vehicle nimbler, both on the street and on the track. “The traditional front-engine vehicle reached its limits of performance, necessitating the new layout,” GM President Mark Reuss said in a statement ahead of the C8 unveiling in Orange County, California. “In terms of comfort and fun, it still looks and feels like a Corvette, but drives better than any vehicle in Corvette history.”

2020 Chevrolet Corvette Stingray Source: General Motors

Of course, as you’d expect, the 2020 Chevrolet Corvette will offer a bump in power. The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in “less than three seconds” when equipped with an optional performance package, the automaker claims. The new model will actually be longer, wider and 366 pounds heavier than the C7, or seventh-generation Corvette. But a driver might not notice, sitting more than a foot closer to the nose and with a hood that almost disappears from view when you’re in the left seat. Visually, there are some familiar design cues carried over from the current Corvette, including details such as the tail lamps and the way the hood has been sculpted. But by moving the engine amidship, it picks up more European proportions, like those of a McLaren or Aston Martin. And to showcase the new engine, Chevy has borrowed a trick from Ferrari, mounting it beneath a 3.2 mm glass panel. The engine is the latest update of Chevrolet’s LT2 “Small Block V-8. At 6.2-liters, it punches out 495 horsepower, 40 more than the 2019 ‘Vette, while torque rises 10 pound-feet, to 470.

2020 Chevrolet Corvette Stingray Source: General Motors

Privately, Chevy officials confirm that there will be several upgrades of the C8 to follow, much as the bowtie brand has rolled out versions like today’s Corvette Z06 and ZR1, the latter currently delivering 755 horsepower. Two executives involved in the project told CNBC the latest coupe will be followed by a convertible — and even more dramatic changes are in the works. The new platform underpinning the C8 was specifically designed to be able to use battery-based technology, they said, adding that it will included a battery boost system to improve launch acceleration as well as a battery-based all-wheel drive system. Chevy has been debating whether to go to a mid-engine design for decades, Zora Arkus-Duntov, the chief engineer often called “the father of the Corvette,” pushing for that approach over a half-century ago. But “It didn’t make business sense” until now, said Ken Gross, an author and expert who has set up automotive exhibits at a number of museums across the U.S. Chevrolet had to make the move “or it would have been treading water,” unable to take the Corvette much further, added Gross, echoing GM President Reuss. That said, the move to mid-engine could be just one of the decisions that might shock Corvette traditionalists. The 2020 remake will also be the first since in decades to abandon a stick shift in favor of a new, eight-speed double-clutch transmission. “DCTs” can be thought of as automatically shifting manual gearboxes and a driver will be able to select their gears by using steering wheel-mounted paddle shifters. Chevy isn’t alone, however, even Ferrari abandoning the stick shift.

2020 Chevrolet Corvette Stingray Source: General Motors


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: paul a eisenstein
Keywords: news, cnbc, companies, stingray, ferrari, corvette, guns, revealed, c8, car, chevys, source, design, engine, general, 2020, chevy, midengine, chevrolet


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Ford’s latest design isn’t an F-150 or Ranger. It’s the world’s first pickup emoji

But the automaker finally unveiled Wednesday the pickup truck in 2016. “It all dawned on us when we were sitting in a room one day ‘jeez there really is no pickup truck emoji how could that be?’ Transportation in general is like 12 different trains and no pickup truck emoji,” said Eric Grenier, Ford’s social media manager. The pickup truck emoji unsurprisingly looks like a Ford. Ford isn’t ruling out other emoji ventures either, Grenier mentioned that the team discovered there was no emoji for a


But the automaker finally unveiled Wednesday the pickup truck in 2016. “It all dawned on us when we were sitting in a room one day ‘jeez there really is no pickup truck emoji how could that be?’ Transportation in general is like 12 different trains and no pickup truck emoji,” said Eric Grenier, Ford’s social media manager. The pickup truck emoji unsurprisingly looks like a Ford. Ford isn’t ruling out other emoji ventures either, Grenier mentioned that the team discovered there was no emoji for a
Ford’s latest design isn’t an F-150 or Ranger. It’s the world’s first pickup emoji Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: elijah shama
Keywords: news, cnbc, companies, worlds, emoji, design, isnt, thing, ford, f150, proposal, truck, ranger, fords, emojis, consortium, unicode, latest, pickup


Ford's latest design isn't an F-150 or Ranger. It's the world's first pickup emoji

It took actor Dwayne Johnson, more than three years and a team of designers and social media managers at Ford to bring its latest design to life.

But the automaker finally unveiled Wednesday the pickup truck in 2016. It’s not its best-selling F-150 or even the popular Ranger.

It’s an emoji.

“Ladies and gentlemen, the moment you’ve all been waiting for, the truck emoji,” Joe Hinrichs, president of automotive operations for Ford, says in a video narrated by actor Bryan Cranston that reveals the design.

The blue pixelated pickup is on a short-list of candidates for new emojis awaiting approval for use in 2020 that’s reviewed by the Unicode Consortium, Ford announced Wednesday, which happened to be world emoji day. The group regulates the unicode characters so they can be recognized across different devices and platforms across the industry.

Unicode Consortium board member Greg Welch said “they can’t discuss a specific emoji proposal beyond confirming that the pickup truck is a current candidate under consideration.”

If approved, the pickup truck would join other Unicode 13.0 entries such as a tamale, a dodo bird, and a smiling face with a tear. The latest update to the list will be released early next year, and Ford said it’s confident the pickup emoji should make it to keyboards everywhere in early 2020.

“It all dawned on us when we were sitting in a room one day ‘jeez there really is no pickup truck emoji how could that be?’ Transportation in general is like 12 different trains and no pickup truck emoji,” said Eric Grenier, Ford’s social media manager. It’s a surprising thing to realize, especially when 5 billion emoji’s are sent everyday on Facebook messenger alone.

The pickup truck emoji unsurprisingly looks like a Ford. The design is modeled after a midsize pickup truck reminiscent of the Ford Ranger with forward tilting lights that echo styling seen on older F-150s. The most Ford aspect of the design though is the color — Ford Blue. They’re touches that didn’t happen by coincidence.

“There are some design elements like that chamform belt line it was obviously F-150 that’s what we’re going to submit — We’re Ford, but we all understand that it is up to all of the platforms to ultimately decide what that thing is going to look like,” said Grenier.

Getting an emoji certified is a fairly straightforward, but long, process. Designs are pitched to the Unicode consortium based on their compatibility, expected usage level, image distinctiveness, completeness and how often they’ve been requested. The consortium then evaluates the proposal and either decides to approve or send the emoji back for tweaks. The whole process takes about two years from design to phone keyboard.

The proposal submitted by Ford doesn’t mention the company by name at all and raises some concern about corporate influence in what’s supposed to be uniform international standards in software development, “The Atlantic ” reported, noting that the consortium wasn’t aware of Ford’s involvement. Other’s emoji’s submitted to the consortium with corporate backing include a condom emoji by Durex and a KitKat emoji from Nestle.

Ford isn’t ruling out other emoji ventures either, Grenier mentioned that the team discovered there was no emoji for a convertible car while working on their pickup truck design.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: elijah shama
Keywords: news, cnbc, companies, worlds, emoji, design, isnt, thing, ford, f150, proposal, truck, ranger, fords, emojis, consortium, unicode, latest, pickup


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Harriet Tubman $20 bill design could never have been ready for 2020 intro, officials say: Report

Contradicting earlier reports that Treasury Secretary Steven Mnuchin had delayed the introduction of a new $20 bill featuring Harriet Tubman, current and former officials told The Washington Post that the bill was never going to be ready for a 2020 introduction. According to the Post, which cited three current or former high-ranking government officials appointed by President Barack Obama who were involved in the Tubman $20 bill project, the bill’s release remains on schedule. Felix also said th


Contradicting earlier reports that Treasury Secretary Steven Mnuchin had delayed the introduction of a new $20 bill featuring Harriet Tubman, current and former officials told The Washington Post that the bill was never going to be ready for a 2020 introduction. According to the Post, which cited three current or former high-ranking government officials appointed by President Barack Obama who were involved in the Tubman $20 bill project, the bill’s release remains on schedule. Felix also said th
Harriet Tubman $20 bill design could never have been ready for 2020 intro, officials say: Report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: marc rod, dan mangan
Keywords: news, cnbc, companies, felix, bill, report, harriet, intro, currency, treasury, officials, tubman, design, 20, mnuchin, say, 2020, ready, lew


Harriet Tubman $20 bill design could never have been ready for 2020 intro, officials say: Report

In this file photo, Secretary Jack Lew looks at a rendering of Harriet Tubman during a visit to the Bureau of Engraving and Printing.

Contradicting earlier reports that Treasury Secretary Steven Mnuchin had delayed the introduction of a new $20 bill featuring Harriet Tubman, current and former officials told The Washington Post that the bill was never going to be ready for a 2020 introduction.

In 2016, then-Treasury Secretary Jack Lew said the government would release in 2020 a “final concept design” for a $20 bill featuring the former slave who helped free dozens of other slaves to mark the 100th anniversary of women’s suffrage.

In May, Mnuchin said the new design would not be unveiled until 2028.

According to the Post, which cited three current or former high-ranking government officials appointed by President Barack Obama who were involved in the Tubman $20 bill project, the bill’s release remains on schedule. Larry Felix, former director of the Bureau of Engraving and Printing, spoke on the record to the newspaper, while the other officials declined to be named.

The Post reported that Mnuchin has been following the timeline set forth under the Obama administration. Felix told the Post that the 2020 release date Lew announced was never feasible.

“Those announcements were not grounded in reality. The U.S. had not at the time acquired the security features to redesign and protect the notes,” Felix told the newspaper.

NiQuan Energy, which lists Felix on its website as its group chairman, did not respond to a request for comment from Felix. Lew did not respond to a request for comment.

Felix also said that, per a 2013 report by the Advanced Counterfeit Deterrence committee, which oversees currency redesigns, a new $20 bill could not enter circulation before 2020. Felix and other officials said that the Treasury could not have released a “concept” design in 2020, as Lew promised, because it would have given counterfeiters a decade to replicate the bill, according to the Post.

In a news conference Monday, Mnuchin echoed the Post’s reporting.

“There’s a lot of misinformation on this issue,” he said. “This is a nonpolitical situation where the primary objective of changing the currency is to stop counterfeiting.”

He noted that the $100 bill took 10 years to redesign and that releasing any new currency requires new machinery and a new manufacturing process. He said that “even in the most optimistic scenario” the currency would not be complete before the end of a second Trump term.

The Post’s reporting aligns with a statement Obama appointee and current BEP Director Len Olijar gave to CNBC in June. “No Bureau or Department official has ‘scrapped’ anything; it is too early to develop an integrated concept or design until security features are finalized,” he said.

In a statement Monday, Olijar said: “Not only is it a mistake to give counterfeiters a look at potential security features, currency designs undergo a number of iterations and can change during testing. Moreover, as U.S. currency is a world currency, it is important not to confuse the public with design changes.”

Mnuchin’s comments Monday are consistent with what he has said previously.

“The suggestion that this process is being stalled is completely erroneous,” Mnuchin said in June.

The Treasury Department did not respond to a request for comment on the Post’s report.

The Treasury Department’s internal watchdog is investigating the matter after Senate Minority Leader Chuck Schumer, D-N.Y., sent a letter asking whether the altered release date was prompted by political considerations.

A spokesman for Schumer did not respond to a request for comment.

The New York Times previously reported that design and production work for the bill was well underway when Mnuchin announced the delay and that he did so in part to avoid President Donald Trump canceling the plan entirely.

Trump was a vocal critic of the plan to put Tubman on the $20 bill. While campaigning Trump called the move “pure political correctness.” He proposed putting her portrait on the $2 bill instead.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: marc rod, dan mangan
Keywords: news, cnbc, companies, felix, bill, report, harriet, intro, currency, treasury, officials, tubman, design, 20, mnuchin, say, 2020, ready, lew


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In moments of anger, Steve Jobs was highly critical of Tim Cook, says biographer Walter Isaacson

Walter Isaacson, author of the 2011 “Steve Jobs” biography, on Monday revealed to a greater extent the pointed criticism that Jobs had about Tim Cook, whom he handpicked as Apple CEO before his death. “In my book, Steve says how Tim Cook can do everything, and then he looked at me and said, ‘Tim’s not a product person.'” On “Squawk Box,” Isaacson said that Jobs in interviews for the book went further than that. Isaacson’s biography was published on Oct. 24, 2011 — 19 days after Steve Jobs died f


Walter Isaacson, author of the 2011 “Steve Jobs” biography, on Monday revealed to a greater extent the pointed criticism that Jobs had about Tim Cook, whom he handpicked as Apple CEO before his death. “In my book, Steve says how Tim Cook can do everything, and then he looked at me and said, ‘Tim’s not a product person.'” On “Squawk Box,” Isaacson said that Jobs in interviews for the book went further than that. Isaacson’s biography was published on Oct. 24, 2011 — 19 days after Steve Jobs died f
In moments of anger, Steve Jobs was highly critical of Tim Cook, says biographer Walter Isaacson Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: matthew j belvedere
Keywords: news, cnbc, companies, book, product, tim, jobs, isaacson, cook, biographer, design, steve, went, things, critical, moments, walter, apple, highly


In moments of anger, Steve Jobs was highly critical of Tim Cook, says biographer Walter Isaacson

Walter Isaacson, author of the 2011 “Steve Jobs” biography, on Monday revealed to a greater extent the pointed criticism that Jobs had about Tim Cook, whom he handpicked as Apple CEO before his death.

“I softened it in the book a bit. Sometimes I soften things that I thought were too harsh,” Isaacson told CNBC. “In my book, Steve says how Tim Cook can do everything, and then he looked at me and said, ‘Tim’s not a product person.'”

On “Squawk Box,” Isaacson said that Jobs in interviews for the book went further than that. “Sometimes Steve, when he was in pain and it was problematic and he, he was angry, he would say more things than [Cook] was not a product person. I felt I would put in the specific things that were relevant to the reader but not the complaints.” Isaacson did not elaborate further about those complaints.

Isaacson’s biography was published on Oct. 24, 2011 — 19 days after Steve Jobs died from pancreatic cancer at the age of 56.

The author’s remarks on the Jobs-Cook dynamic came as Monday’s Apple discussion on the show turned to the announcement last month that design chief Jony Ive was leaving the company. Jobs and Ive were really close.

“Every day when Jobs was in the office in Cupertino, he would go at midday to that sort of big locked door that went to the design studio; be brought in and everybody else would be ushered out. And he would talk table to table with Jony. They would feel not just the phone but the plug. The jack, the way the wire coiled. Jobs at his core was a product person,” Isaacson said.

“What I think you are seeing now is a company that can execute pretty well. But it doesn’t have at its core these two spiritual soulmates who just lived and breathed the beauty of products,” Isaacson said. “I think it would have been better to have the design chiefs report directly to [Cook] … for him to go to the design studio at least once a week.”

Cook and Apple were not immediately available to respond to CNBC’s request for comments on the Isaacson interview.

Shares of Apple were under pressure Monday after Rosenblatt Securities downgraded the stock to “sell” from “neutral,” saying there’s “less reward” for ownership. However, Rosenblatt maintained its 12-month, $150-per-share price target.

Apple shares, which have soared nearly 30% so far this year, closed slightly lower Friday to around $204 each.


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: matthew j belvedere
Keywords: news, cnbc, companies, book, product, tim, jobs, isaacson, cook, biographer, design, steve, went, things, critical, moments, walter, apple, highly


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Apple’s design chief, Jony Ive, was often absent over the last few years, new report says

Apple employees have felt Chief Design Officer Jony Ive’s absence long before he announced his upcoming departure from the company last week, according to a new report from The Wall Street Journal. Ive grew disappointed by the more operational focus of top leadership under CEO Tim Cook, people who worked on Apple’s design team told the Journal. When Cook announced his new title of chief design officer in 2015, the role came with more remote work, which the design team found disappointing, accord


Apple employees have felt Chief Design Officer Jony Ive’s absence long before he announced his upcoming departure from the company last week, according to a new report from The Wall Street Journal. Ive grew disappointed by the more operational focus of top leadership under CEO Tim Cook, people who worked on Apple’s design team told the Journal. When Cook announced his new title of chief design officer in 2015, the role came with more remote work, which the design team found disappointing, accord
Apple’s design chief, Jony Ive, was often absent over the last few years, new report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: lauren feiner
Keywords: news, cnbc, companies, apple, officer, chief, ive, apples, cook, journal, design, jony, absent, team, reported, report, according


Apple's design chief, Jony Ive, was often absent over the last few years, new report says

Apple employees have felt Chief Design Officer Jony Ive’s absence long before he announced his upcoming departure from the company last week, according to a new report from The Wall Street Journal.

Ive, who had helped design some of Apple’s most memorable products, from the iPod to the Apple Watch, had been checked out of daily operations for a long time, according to the Journal. Ive grew disappointed by the more operational focus of top leadership under CEO Tim Cook, people who worked on Apple’s design team told the Journal.

The Journal story paints a picture that Ive was largely checked out from his duties at Apple, skipping design meetings and spending time at his homes in San Francisco, Hawaii and the U.K.

Ive had a close relationship with Cook’s predecessor, Steve Jobs, with whom he often ate and discussed ideas, the Journal reported. Cook, who comes from an engineering background, aimed to keep Ive content with a lofty title and large salary, the Journal reported, but Ive continued to keep his distance from the office.

After the release of the Apple Watch in 2015, Ive told Cook he wanted to lessen his daily management responsibilities, according to the report, telling several people he wanted time to think but did not want to leave. When Cook announced his new title of chief design officer in 2015, the role came with more remote work, which the design team found disappointing, according to the Journal.

Ive agreed to pick up his day-to-day responsibilities again in 2017 after a meeting with Cook, the Journal reported, but he eventually became absent from the office again, spending time in the U.K. with his sick father. As Ive has remained distant, four longtime members of his team left in the past year, according to the report.

Ive announced his departure in an interview with the Financial Times published Thursday, saying he will start a new design business called LoveFrom. Apple said it will be a client of the new venture. Apple Chief Operating Officer Jeff Williams, who like Cook is known for his operational expertise, is now in charge of Ive’s design team.

Apple did not immediately respond to a request for comment.

Read the full report at The Wall Street Journal.

Subscribe to CNBC on YouTube.

WATCH: CNBC puts the first-generation iPhone to the test


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: lauren feiner
Keywords: news, cnbc, companies, apple, officer, chief, ive, apples, cook, journal, design, jony, absent, team, reported, report, according


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Tim Cook calls report about Jony Ive’s departure from Apple ‘absurd’

Apple CEO Tim Cook (L) and Apple chief design officer Jony Ive (R) look at the new Mac Pro during the 2019 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 03, 2019 in San Jose, California. Apple chief executive Tim Cook on Monday fiercely disputed a report about the departure of design chief Jony Ive and the company’s ability to uphold its commitment to innovative design, NBC reports. Cook said the report does not match reality and fails to understand how Ap


Apple CEO Tim Cook (L) and Apple chief design officer Jony Ive (R) look at the new Mac Pro during the 2019 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 03, 2019 in San Jose, California. Apple chief executive Tim Cook on Monday fiercely disputed a report about the departure of design chief Jony Ive and the company’s ability to uphold its commitment to innovative design, NBC reports. Cook said the report does not match reality and fails to understand how Ap
Tim Cook calls report about Jony Ive’s departure from Apple ‘absurd’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: lauren feiner
Keywords: news, cnbc, companies, chief, calls, report, apple, design, departure, jony, tim, absurd, company, apples, ives, watch, ive, cook


Tim Cook calls report about Jony Ive's departure from Apple 'absurd'

Apple CEO Tim Cook (L) and Apple chief design officer Jony Ive (R) look at the new Mac Pro during the 2019 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 03, 2019 in San Jose, California.

Apple chief executive Tim Cook on Monday fiercely disputed a report about the departure of design chief Jony Ive and the company’s ability to uphold its commitment to innovative design, NBC reports.

In a rare, scathing statement sent exclusively to NBC News, Cook took issue with a report published Sunday night by The Wall Street Journal that said Ive had grown frustrated with Cook’s leadership and alleged lack of interest in the design production process. Cook said the report does not match reality and fails to understand how Apple’s design team actually works.

“The story is absurd,” Cook said in an email. “A lot of the reporting, and certainly the conclusions, just don’t match with reality.”

Cook does not often publicly rebut news reports but he appeared compelled to do so given his frustrations with the article, which said that the company is prioritizing operations at the expense of design.

“At a base level, it shows a lack of understanding about how the design team works and how Apple works,” Cook said. “It distorts relationships, decisions and events to the point that we just don’t recognize the company it claims to describe.”

The Wall Street Journal declined to comment.

The rebuttal from Cook, who took over the top job at Apple after the death of Steve Jobs, comes as the company is trying to demonstrate that Ive’s departure is not a sign of greater troubles.

Ive, who was responsible for the look of many of Apple’s most iconic products, including the iPod, the iPhone, the iPad and the Apple Watch, announced Thursday that he would leave the company to start his own design firm, though he will continue to work with Apple as a contractor.

“While I will not be an [Apple] employee, I will still be very involved — I hope for many, many years to come,” Ive told the Financial Times. “This just seems like a natural and gentle time to make this change.”

But on Sunday night, The Wall Street Journal’s Tripp Mickle reported that Ive “had been growing more distant from Apple’s leadership” in part because he was frustrated with Cook’s “more operations-focused company,” according to several sources familiar with his departure who were not named.

“People in the design studio rarely saw Mr. Cook, who they say showed little interest in the product development process — a fact that dispirited Mr. Ive,” Mickle reported.

“Mr. Ive grew frustrated as Apple’s board became increasingly populated by directors with backgrounds in finance and operations rather than technology or other areas of the company’s core business,” the report stated.

While Apple has in the past decade become one of the world’s most valuable companies, it now faces scrutiny over its ability to continue creating new products that change the way consumers interact with the world. It remains massively profitable, with $30 billion in earnings over the last six months, but analysts have expressed concern over the fact that it hasn’t had a major product hit since the iPad, in 2010. (Sales for the Apple Watch and AirPods, while popular, remain relatively small by comparison.)

While growth in hardware sales slows, Apple has spent years investing more heavily in software and services. Nevertheless, Ive’s departure caused some alarm among analysts who closely watch Apple. Ive and Jobs worked hand in glove to create many of Apple’s best products, and he was long seen as one of the most influential figures at the company. Mickle describes him as “Jobs’s protégé—and Apple’s closest thing to a living embodiment of his spirit.”

Responsibility for Apple’s future design will now fall to Jeff Williams, the chief operating officer; Evans Hankey, who oversees industrial design; and Alan Dye, who oversees user interface design.

“The design team is phenomenally talented,” Cook told NBC News. “As Jony has said, they’re stronger than ever, and I have complete confidence that they will thrive under Jeff, Evans and Alan’s leadership. We know the truth, and we know the incredible things they’re capable of doing. The projects they’re working on will blow you away.”


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: lauren feiner
Keywords: news, cnbc, companies, chief, calls, report, apple, design, departure, jony, tim, absurd, company, apples, ives, watch, ive, cook


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Jony Ive’s departure marks the end of the hardware era at Apple

Over Jony Ive’s 27-year career at Apple, the industrial designer picked up a lot of additional responsibilities. But Ive’s announcement on Thursday does underscore a shift in the importance of the industrial design group at Apple. At Apple, Ive’s small industrial design group had immense power, with offices on the top floor of Apple Park, and Ive reported directly to Apple CEO Tim Cook. Other consumer electronics companies regularly outsource industrial design work to a handful of firms. Apple p


Over Jony Ive’s 27-year career at Apple, the industrial designer picked up a lot of additional responsibilities. But Ive’s announcement on Thursday does underscore a shift in the importance of the industrial design group at Apple. At Apple, Ive’s small industrial design group had immense power, with offices on the top floor of Apple Park, and Ive reported directly to Apple CEO Tim Cook. Other consumer electronics companies regularly outsource industrial design work to a handful of firms. Apple p
Jony Ive’s departure marks the end of the hardware era at Apple Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: kif leswing
Keywords: news, cnbc, companies, design, era, ive, industrial, hardware, marks, apple, apples, departure, work, products, physical, ives, jony, end, group


Jony Ive's departure marks the end of the hardware era at Apple

Over Jony Ive’s 27-year career at Apple, the industrial designer picked up a lot of additional responsibilities. When Ive leaves Apple later this year as its outgoing Chief Design Officer, he leaves a job where he was responsible for all design across Apple, including its hardware, user interfaces, packaging, architectural projects and “new ideas,” according to his Apple biography. But even as Ive became more critical to Apple, he always had a hand in the physical world, because that’s his background: industrial design. Ive’s departure from Apple will not immediately impact its products. Apple still has talented designers, and it will continue to release iPhones. The planning process for a complicated device like those Apple makes takes about three years. It’ll be awhile before we start to see the first products from Apple that won’t have any input from Ive. But Ive’s announcement on Thursday does underscore a shift in the importance of the industrial design group at Apple. At Apple, Ive’s small industrial design group had immense power, with offices on the top floor of Apple Park, and Ive reported directly to Apple CEO Tim Cook. When Evans Hankey, vice president of Industrial Design at Apple and a longtime employee, takes over the design group, she will report to COO Jeff Williams, an executive best known for his operational skills, not his vision for product and design. The subtle demotion of the industrial design group shows that Apple is increasingly emphasizing its online services, the power of its components and how its products seamlessly work together, as opposed to their design. After all, the overall look and feel of an iPhone has only changed incrementally each year, and new models of Apple’s MacBook laptop sport the same general aluminum case as they have for the past few revisions. The goal of the design of most modern electronics is to disappear completely, driving focus to the screen. Ive and his team used to be tasked with designing revolutionary new products. Today, a lot of their output has become incremental updates to products that already exits. Other consumer electronics companies regularly outsource industrial design work to a handful of firms. But for the past two decades, Apple did its industrial design in-house, under the watchful eye of Ive. Thursday’s announcement also means that Apple will soon outsource parts of its design because Ive is starting a new creative firm, with Apple as its client.

‘I loved drawing and making things’

: Sept. 2005: 1.5 ouncesDesigned to replace the iPod mini, the nano was the smallest MP3 player on the market when released. The nano was sold in two colors — white and black. A second generation was released a year later that had aluminum casing and came in five different colors. Photo: AP

When I saw Ive speak at an event in New York in 2017, I was struck by how little he seemed to care for day-to-day business concerns, and how much he cared about objects and how they were made. “When you walk around the manufactured world, so much of it testifies to carelessness in human activity, in engineering, in aesthetics,” he said. That’s what Ive did — sweat the little details, especially in Apple’s physical objects and how they’re manufactured, but not necessarily the strict numbers on a given iPhone’s bill of materials. “I have a problem with numbers, and I don’t really have much interest been in — in business,” Ive said. Before Ive, gadgets weren’t typically made out of aluminum shells carved out of single blocks. Laptops had tiny trackpads. Less attention was given to new case materials like stainless steel or gold alloys, which were used in the iPhone X and Apple Watch. It’s difficult to determine how much Ive’s physical designs contributed to Apple’s 20-year streak of growth, versus Apple’s software or marketing, but the look of the products was a big part of Apple’s brand. Apple products looked different than other products in stores. For example, iPods regularly came in vibrant colors and odd shapes and with new, sometimes experimental interfaces — the iPod Shuffle didn’t even have a screen. Industrial design was Ive’s first team he was in charge of at Apple, and it was rooted in the physical, which is why Ive’s lab is loaded with cutting-edge manufacturing equipment. People make things there. He explained his eureka moment in 2017 and how it involved creating an actual model. “I think you only really understand a material — its properties and attributes and, importantly, the opportunity the material allows — if you actually work it yourself,” Ive told Smithsonian. “And the most remarkable point in the whole process is when you make the first model. We might like it, we might not, but the first model you make, everything changes.”

Only Apple


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: kif leswing
Keywords: news, cnbc, companies, design, era, ive, industrial, hardware, marks, apple, apples, departure, work, products, physical, ives, jony, end, group


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Stocks making the biggest moves premarket: Nike, Apple, Boeing, P&G, United, Biogen & more

Nike – Nike reported quarterly earnings of 62 cents per share, 4 cents a share below estimates. Apple – Apple chief design officer Jony Ive is leaving the company to start his own independent design firm. Boeing – Boeing is attempting to have all 737 MAX-related fixes done by September, according to sources who spoke to CNBC. United Continental – The airline is changing its name to United Airlines Holdings, effective today. Biogen – Biogen was downgraded to “neutral” from “overweight” at Piper J


Nike – Nike reported quarterly earnings of 62 cents per share, 4 cents a share below estimates. Apple – Apple chief design officer Jony Ive is leaving the company to start his own independent design firm. Boeing – Boeing is attempting to have all 737 MAX-related fixes done by September, according to sources who spoke to CNBC. United Continental – The airline is changing its name to United Airlines Holdings, effective today. Biogen – Biogen was downgraded to “neutral” from “overweight” at Piper J
Stocks making the biggest moves premarket: Nike, Apple, Boeing, P&G, United, Biogen & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, nike, stocks, design, pg, premarket, moves, biggest, share, neutral, making, downgraded, revenue, street, today, boeing, profit, united, upgraded, biogen


Stocks making the biggest moves premarket: Nike, Apple, Boeing, P&G, United, Biogen & more

Check out the companies making headlines before the bell:

Constellation Brands – The beer and spirits producer reported adjusted quarterly profit of $2.21 per share, beating the $2.04 a share consensus estimate. Revenue also topped Wall Street forecasts.

Nike – Nike reported quarterly earnings of 62 cents per share, 4 cents a share below estimates. The athletic footwear maker’s revenue beat Street forecasts, however. Nike’s bottom line was impacted by higher spending on marketing and new product launches.

Apple – Apple chief design officer Jony Ive is leaving the company to start his own independent design firm. Ive has been with Apple for since 1992 and helped design such key products as the iMac and iPhone.

Boeing – Boeing is attempting to have all 737 MAX-related fixes done by September, according to sources who spoke to CNBC. That includes a fix for a newly discovered software issue revealed by the company Wednesday.

Bank of America, Citigroup, JPMorgan Chase, Wells Fargo – These and other banks could get a boost today on news that they passed the Fed’s latest stress tests and did not receive objections to capital distribution plans. Credit Suisse received what’s called a “conditional non-objection” to its capital plan, a middle ground between pass and fail based on certain weaknesses. One of the biggest stock winners in early trading was Germany’s Deutsche Bank after it passed the Fed’s tests.

United Continental – The airline is changing its name to United Airlines Holdings, effective today. That removes the last reference to Continental Airlines, which United bought in 2010.

Procter & Gamble – Procter & Gamble was upgraded to “buy” from “neutral” at Goldman Sachs on expectations of stronger margins and profit growth.

Biogen – Biogen was downgraded to “neutral” from “overweight” at Piper Jaffray, which cites competitive pressures for the drugmaker’s multiple sclerosis franchise.

Live Nation Entertainment – The live event producer was downgraded to “sell” from “neutral” at Citi, which likes the company’s consistent operating performance and growth prospects but feels investors are becoming too willing to pay a premium for growth.

Bloomin’ Brands – Deutsche Bank initiated coverage of the Outback Steakhouse parent with a “buy” rating, noting that the restaurant operator is cheap relative to its peers and can rise on any improvement in its profit margins.

AutoZone – Oppenheimer upgraded the auto parts retailer to “outperform” from “perform,” noting the potential of sustained strong commercial sales expansion.

Darden Restaurants, Wingstop – Stephens downgraded both restaurant operators to “equal-weight” from “overweight,” in a move the firm calls “reluctantly downgrading quality” based on current valuation.


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, nike, stocks, design, pg, premarket, moves, biggest, share, neutral, making, downgraded, revenue, street, today, boeing, profit, united, upgraded, biogen


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Analysts say Ive was one of Apple’s most important people, but they’re not worried about the stock

Apple said he is leaving later this year to start an independent design company that “will count Apple among its primary clients.” Analysts rued the announcement, as Ive had been with Apple for nearly 30 years. As Apple’s chief design officer, Ive styled the vast majority of Apple products over the past two decades, including the iPhone. Nomura Instinet analysts called his leaving “a sentimental negative,” as “he represents a particularly strong connection to Apple iconic heritage.” Here’s what


Apple said he is leaving later this year to start an independent design company that “will count Apple among its primary clients.” Analysts rued the announcement, as Ive had been with Apple for nearly 30 years. As Apple’s chief design officer, Ive styled the vast majority of Apple products over the past two decades, including the iPhone. Nomura Instinet analysts called his leaving “a sentimental negative,” as “he represents a particularly strong connection to Apple iconic heritage.” Here’s what
Analysts say Ive was one of Apple’s most important people, but they’re not worried about the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: michael sheetz
Keywords: news, cnbc, companies, company, important, analysts, theyre, apple, ive, worried, stock, apples, negative, mr, ives, design, say, departure, impact


Analysts say Ive was one of Apple's most important people, but they're not worried about the stock

The announcement of the impending departure of longtime Apple longtime design leader Sir Jonathan “Jony” Ive came as little surprise to Wall Street analysts but it did drag on the company’s stock nonetheless.

Shares of Apple slipped 1% in early trading Friday from Thursday’s close of $199.74.

Apple said he is leaving later this year to start an independent design company that “will count Apple among its primary clients.”

Analysts rued the announcement, as Ive had been with Apple for nearly 30 years. As Apple’s chief design officer, Ive styled the vast majority of Apple products over the past two decades, including the iPhone.

“In our judgment, we view Jony Ive as one of the most important people at AAPL and perhaps second only to CEO Tim Cook presently in terms of impact to AAPL’s success,” Deutsche Bank said in a note to investors.

Nomura Instinet analysts called his leaving “a sentimental negative,” as “he represents a particularly strong connection to Apple iconic heritage.”

“His departure, therefore, should prompt much nostalgia, and may lead some investors to question Apple’s ability to retain leading industrial design,” Nomura said.

However, the analysts did not see this as a significant enough loss to the company to adjust their ratings or price targets. Nomura said the firm believes “this a sensible and even expected time for Mr. Ive to disengage,” while Evercore ISI said there will be little impact beyond the slight negative from the announcement.

“While Mr. Ive’s departure is a headline negative for the stock, given AAPL’s deep design bench and future relationship with Mr. Ive’s new company, we think any impact should be fairly limited,” Evercore ISI said.

Here’s what every major analyst had to say about Ive’s departure.


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: michael sheetz
Keywords: news, cnbc, companies, company, important, analysts, theyre, apple, ive, worried, stock, apples, negative, mr, ives, design, say, departure, impact


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Apple’s chief design officer, Jony Ive, is leaving the company

Jony Ive, Apple’s chief design officer, is leaving the company, Apple announced on Thursday. This just seems like a natural and gentle time to make this change,” Ive told the Financial Times. Instead, Evans Hankey, vice president of Industrial Design, and Alan Dye, vice president of Human Interface Design, will assume additional design responsibilities, Apple said. For example Apple Park — this was a project that started in 2004 . That was a really significant project, that was unlike many of ou


Jony Ive, Apple’s chief design officer, is leaving the company, Apple announced on Thursday. This just seems like a natural and gentle time to make this change,” Ive told the Financial Times. Instead, Evans Hankey, vice president of Industrial Design, and Alan Dye, vice president of Human Interface Design, will assume additional design responsibilities, Apple said. For example Apple Park — this was a project that started in 2004 . That was a really significant project, that was unlike many of ou
Apple’s chief design officer, Jony Ive, is leaving the company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: kif leswing
Keywords: news, cnbc, companies, told, jony, leaving, times, design, chief, financial, vice, officer, ive, significant, park, apples, apple, company


Apple's chief design officer, Jony Ive, is leaving the company

Jony Ive, Apple’s chief design officer, is leaving the company, Apple announced on Thursday.

Apple stock dropped 1% on the news in after-hours trading.

Ive is considered one of the most important people at Apple, responsible for the industrial design and the look and feel of all major Apple products, including the iPhone and the Mac. He had worked at Apple for more than 20 years.

He is going to start his own design business, called LoveFrom, along with longtime friend and fellow designer Marc Newson, according to a Financial Times report. Apple will be a client, Apple said.

“While I will not be an employee, I will still be very involved — I hope for many, many years to come. This just seems like a natural and gentle time to make this change,” Ive told the Financial Times.

“Jony is a singular figure in the design world and his role in Apple’s revival cannot be overstated, from 1998’s groundbreaking iMac to the iPhone and the unprecedented ambition of Apple Park, where recently he has been putting so much of his energy and care,” said Apple CEO Tim Cook in a statement.

Ive will not have an immediate successor. Instead, Evans Hankey, vice president of Industrial Design, and Alan Dye, vice president of Human Interface Design, will assume additional design responsibilities, Apple said. The two designers will report to Jeff Williams, Apple’s chief operating officer. Ive reported directly to Cook.

In recent years, Ive has dedicated a large portion of his time to the construction of Apple Park, the company’s $5 billion campus in Cupertino, California.

Last month, Apple officially opened its new headquarters with a concert on campus.

“There were some significant projects that I feel like I’ve completed. For example Apple Park — this was a project that started in 2004 . . . A couple of weeks ago we had our official opening of the Park. That was a really significant project, that was unlike many of our others, because it was for us,” Ive told the Financial Times.


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: kif leswing
Keywords: news, cnbc, companies, told, jony, leaving, times, design, chief, financial, vice, officer, ive, significant, park, apples, apple, company


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