Jony Ive was worth billions to Apple according to one measurement

Jony Ive was worth billions to Apple according to one measurement
The departure of Apple design chief Sir Jony Ive, announced by the company yesterday, probably won't result in any immediate design changes to Apple's current product lineup. Certainly the men replacing him on Apple's depth charts (Evans Hankey, vice president of Industrial Design, and Alan Dye, vice president of Human Interface Design) will continue on the road that Ive paved at Apple over the years.

They say that you can't put a price on a man, but there is a way to see how much Ive was worth to Apple in dollars and cents. According to Bloomberg, that amount is $9 billion. This is how much Apple's valuation declined in after-hours trading on Thursday following the announcement that Ive was leaving. While that certainly is a lot of money, it represents approximately just 1% of Apple's valuation. After dropping as low as $197 in extended trading yesterday, Apple's shares are currently changing hands at $198.79.

Ive was responsible for designing Apple's most iconic products including the iMac G3, iMac G4, the iPod's various incarnations, the iPhone, iPad and the Apple Watch to name a few. He also lent his distinctive voice (and serious British accent) to Apple's new product videos. He is leaving Apple to start his own design firm, which will count Apple as a paying customer. Wedbush analyst Daniel Ives says that the 27 year Apple veteran was "one of the most important figures at Apple" from 1992 to 2019. Not only is he known for his hardware designs, but he also took on the added responsibility of designing iOS 7 back in 2013 after the company let software head Scott Forstall go. Forstall, you see, oversaw the initial release of Apple Maps which was a huge debacle at the time.

Ive most likely continued to play a role in designing the 2019 iPhone models


So now that we know how much Wall Street valued Ive's worth to Apple, let's check out some other major events in Apple's past for comparative purposes. For example, on January 9th, 2007 Steve Jobs introduced the first iPhone. The next day, the stock rose by $3.81 billion or 4.8%. On January 27th, 2010 Jobs took the wraps off of the iPad. There had been so much hype about the product that the day after the unveiling, Apple's shares dropped by $7.8 billion, or by 4.1%. October 5th, 2011, was a sad day as Apple co-founder and CEO Steve Jobs succumbed to pancreatic cancer. Jobs' passing saw Apple lose $820 million in valuation or 0.2%. Investors obviously felt that the company was in good hands under Tim Cook. And the introduction of the Apple Watch on September 9th, 2014, resulted in Apple adding slightly more than $18 billion or 3% to its value.


While Ive no doubt had input in the design of the upcoming 2019 iPhone models, we really don't expect much of a difference except for the controversial square camera module that will be found on the back of the phone in the upper left corner. In addition, case renders appear to show that the mute switch will move up and down instead of the side to side action that this switch has had since the very first iPhone was launched 12 years ago tomorrow.

The next big redesign for the iPhone is expected in 2020 and Ive most likely has been working on their preliminary designs as well. There already is speculation that Apple will offer three models next year, all sporting OLED panels. The rumored screen sizes are 5.42-inches (iPhone 11s), 6.06-inches (iPhone 11Rs) and 6.67-inches (iPhone 11s Max). At least one, and possibly all three models, will support 5G connectivity. If we had to venture a guess, we'd expect all 5G iPhones to sport a Qualcomm modem chip while any 4G LTE units could be equipped with an Intel chip.

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6 Comments

1. Back_from_beyond

Posts: 1420; Member since: Sep 04, 2015

Wait, didn't the 2020 iPhone design leak already? I remember seeing an all screen iPhone design, horizontal pill shaped cut-out around the same area where the Note 10 hole is, to house the ToF and selfie camera, the replacement for that f-ugly notch. The rear camera module moved to the center with 4 cameras and in the middle the 4LED flash.

2. joey18

Posts: 668; Member since: Jul 20, 2010

jony proyects are boring 3 years same apple watch same iphone what is revolutionary iphone consumers wants to see biggest updates 12 hundred iphone small changes is not what consumers wants

4. NarutoKage14

Posts: 1324; Member since: Aug 31, 2016

Braun has not made any major changes to their designs recently.

5. TS020

Posts: 40; Member since: Feb 16, 2019

Zing!

3. miketer

Posts: 520; Member since: Apr 02, 2015

For all the naysayers and the haters, here's the truth, read the title. That title is related to the stock market valuation. For Apple, It was never about radical changes. It was more about what the Apple Co. is as a whole. It was never about what's your expectations, it was more about what they're all about and about building followers and worshippers according to their outlook. And Jony Ive had the pulse of that and worked and designed accordingly and so, he's worth every penny. All the smart people on this forum is not more smart than the investors who has put in the money. It's because the investors are neither haters nor worshippers. They know where the money is and invested accordingly.... leaving the trivial debates of what should've been or what it should be, to guys like you and me, who's got enough time to waste.

6. audibot

Posts: 634; Member since: Jan 26, 2017

whats 1 thing he designed because everything he did was stole from others from 40 yrs ago to htc days

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