Apple faces Nokia crisis as Tim Cook accused of AI and F1 distractions
The post Apple faces Nokia crisis as Tim Cook accused of AI and F1 distractions appeared on BitcoinEthereumNews.com.
Apple Inc. is facing criticism from investors and analysts who argue that the company’s once-revered innovation engine is faltering under CEO Tim Cook. Shares of the tech giant are down nearly 20% in 2025, trailing behind competitors such as Alphabet, Amazon, Meta, and Microsoft. During its June 9 keynote at the Worldwide Developers Conference (WWDC), Apple made relatively modest announcements. The company’s largest reveal was a refreshed design theme for its operating systems, dubbed “Liquid Glass.” Much to investors’ disappointment, the presentation lacked any hardware vision, and many fear the tech giant is treading a road that led to the fall of industry leaders like Nokia. Tim Cook’s priorities questioned Critics argue that Cook has been distracted from pushing Apple towards any new hardware updates to cater for entertainment projects. According to Yahoo Entertainment news, he has been promoting an upcoming documentary on Formula 1 champion Lewis Hamilton’s life. The film is being developed under the Apple banner and follows a previously announced Apple Original Film on Formula 1, which Hamilton also produces. “Lewis is very inspiring for me,” Cook said in a recent interview. “He has an incredible life story. Fortunately, we’re also doing a documentary on Lewis. I can’t wait. Because I think it’s the ripple in the pond that will inspire millions of people.” The film Hamilton could receive acclaim, but the iPhone maker’s clientele would like Cook to focus on products and address the tech firm’s slow progress in AI. Analysts say Apple’s most successful moments mostly came from reinventing consumer tech “form factors,” like the Mac and iPhone. Craig Moffett of equity research firm MoffettNathanson notes that artificial intelligence is much like the inventions that made the company what it is today. Competitors like Google and Meta are investing in AI-powered smart glasses, and Chinese companies…
Filed under: News - @ June 18, 2025 2:28 pm