Site

Categories

Apple AAPL +1.1% may be the most valuable company on the planet, but two and a half years into the Tim Cook era, it already looks like a different outfit. Though Cook has brought revenue up 58 percent, and profits up 40 percent, the Steve Jobs-led fervor to innovate seems to be subsiding. Apple is in an industry where it has to keep coming up with daring new breakthroughs, and the famously bland Cook doesn’t seem like the man to deliver them. Revenues in the last fiscal year were up only 9.6 percent, the slowest increase in a decade, and earnings fell for the first time since 2001.