This was clearly the year of information technology (IT). We saw the launch of a dazzling array of devices. Tech users were on tenterhooks as a patents war between Apple and Samsung led to uncertainty, Microsoft took a plunge and entered the hardware segment, while Google managed to show the world how a high-end smartphone could be economical, too.
And, 2013 seems action-packed for the sector, with the role of leaders at the helm of some companies certain to dictate trends. We will talk about five chief executives in the technology space, who would be scrutinised for each move they make.
Apple, the company grabbing the most headlines in 2012, will continue to do so next year. For Timothy Cook, the 52-year-old chief executive officer (CEO), it was a crucial year, having just succeeded Steve Jobs after the latter's death. For Cook, among the four runners-up to Time magazine's annual "Person of the year" designation, the highlight was when Apple's stock hit an all-time high of $700 a share, up from $300 when Jobs died in October 2011 (it has since come down). Importantly, Cook successfully launched the iPhone5 and iPad Mini. Within three days of launch, Apple sold five million iPhone5 sets. And, in the case of the iPad Mini, within three days of its launch, three million had been sold.
Already, all this is so last year. Cook has a more formidable task ahead. This includes the growing acceptance of Android smartphones, Samsung finally overtaking Apple, and Microsoft taking baby steps towards a collaborated computing environment. Critics say neither the iPhone5 or the iPad Mini brought forth any new innovation.
With Apple projected to have won 230 million iPhone users by the end of the year, customer growth will start to ebb because it is approaching saturation point, Andy Hargreaves, an analyst at Pacific Crest Securities, told Bloomberg News. In 2013 the device war will get stronger and Cook might have to battle with Google, which in 2012 launched the Nexus tablet and Nexus 4 smartphone. Both got great reviews and also proved a high-end smartphone could be competitively priced.
Text: Business Standard