With the departure of design guru Jony Ive Apple is "getting a taste of luxury's less lustrous side", says Tom Buerkle on Breakingviews. Ive and his "sleek" designs have "defined the marriage of style and function" at Apple, starting with his iconic design for the Apple iMac in 1998, which was credited with helping turning around the company's fortunes. Ive then "repeated the trick" with the iPhone, which "ushered in the smartphone age and enabled Apple to charge ever-higher premium prices, much like a Paris fashion label". However, just as many fashion houses have struggled after losing their chief designer, replacing Ive might be a "painful process".
It's not fair to blame Cook, says Mark Gurman on Bloomberg. Ive's departure "has been a long time in the making" . Having been at Apple for more than 25 years, it was inevitable he would eventually choose to stand down from what has been a "really taxing job". The idea of doing "incremental upgrades" to a mature product line may have looked increasingly unattractive. In any case, Ive may not have been the best person to carry Apple forward, since any new products "will require fundamental technological innovation, not just the design genius of Ive and his team".
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Is Apple past its sell-by date?
It's true that Apple faces a "daunting" challenge says the Financial Times. Still, "fresh thinking and new blood can do a company good" as Ive himself proved during the 1990s. Many experts have argued that Apple needs to end its "hardware addiction" and work on its services. There are signs of progress: with "the new Apple TV+ streaming service and a games subscription package called Apple Arcade", the company seems to be focusing on creating "an ecosystem including apps, virtual assistants and more".
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Nationwide promises to protect all its branches from closures until at least 2030The building society has extended its pledge to keep all high street Nationwide and Virgin Money branches open, now until at least 2030.
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Could dividend tax nearly double in the Budget?Self-employed directors and investors, including pensioners, who get an income from company shares would be hit if the rumoured move to hike dividend tax goes ahead.
