• The first iPhone. Getty Images
    The first iPhone. Getty Images
  • The Newton MessagePad 130. Getty Images
    The Newton MessagePad 130. Getty Images
  • The iMac that combined the computer and monitor in one. Getty Images
    The iMac that combined the computer and monitor in one. Getty Images
  • iBook G3. AFP
    iBook G3. AFP
  • Power Mac G4 cube with G4 Cube speakers. Bloomberg
    Power Mac G4 cube with G4 Cube speakers. Bloomberg
  • The original iPod. Getty Images
    The original iPod. Getty Images
  • iMac G4. Getty Images
    iMac G4. Getty Images
  • iPod mini. Bloomberg
    iPod mini. Bloomberg
  • iMac G5. AFP
    iMac G5. AFP
  • iPad. Getty Images
    iPad. Getty Images
  • The affordable for all iPhone 5C. Bloomberg
    The affordable for all iPhone 5C. Bloomberg
  • The Apple Watch. Bloomberg
    The Apple Watch. Bloomberg
  • Ive even had a hand in designing the the Apple Park. Bloomberg
    Ive even had a hand in designing the the Apple Park. Bloomberg

Apple's long-term design chief Jony Ive to leave firm to start own business


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Apple’s chief designer Sir Jony Ive is leaving after decades at the iPhone maker to form an independent company - with Apple as one of its primary clients.

Sir Jony, 52, is responsible for the look of the company's most iconic products. LoveFrom, his new firm, will continue to work with Apple on projects, he said in an interview with the Financial Times.

“Apple will continue to benefit from Jony’s talents by working directly with him on exclusive projects, and through the ongoing work of the brilliant and passionate design team he has built," chief executive Tim Cook said in a statement.

Apple shares slipped less than 1 per cent in extended trading. The stock closed at $199.74 in New York.

"Ive is leaving a hole in the company and is clearly irreplaceable as he has been one of the most important figures at Apple throughout the past few decades," Dan Ives, an analyst at Wedbush Securities, wrote in a note to analysts about the British designer. "While this is a bit if a shocker to Apple and its investors we are not overly concerned as Ive will continue to work closely with Cook & Co."

Sir Jony, who received a knighthood at Buckingham Palace in 2012, began leading Apple’s design team in 1996, before Apple co-founder Steve Jobs returned to the company as it was on the brink of bankruptcy.

Outgoing Apple chief design officer Jony Ive is behind the look of the company's most iconic products. EPA
Outgoing Apple chief design officer Jony Ive is behind the look of the company's most iconic products. EPA

Over the past two decades, Sir Jony’s designs, from the original iMac desktop computer in 1998 to the first iPod in 2001 and the iPad in 2010, have been a significant factor in Apple’s growth. In 2012, a year after becoming CEO, Cook put Sir Jony in charge of software design as well.

He will be replaced by existing Apple designers. Evans Hankey, vice president of Industrial Design, and Alan Dye, vice president of Human Interface Design, will report to Jeff Williams, Apple’s chief operating officer, the company said.

Mr Dye and Mr Hankey have played key leadership roles on Apple’s design team for many years. They were among executives who took over day-to-day management of the team when Sir Jony stepped away to focus on the creation of the company’s new headquarters in Cupertino, California.

Mr Williams has led the development of Apple Watch since its inception and will spend more of his time working with the design team in their studio, the company added.

Separately, Apple said Sabih Khan, a 24-year company veteran, will be senior vice president of operations. In recent years, Mr Khan has inherited more responsibility for global supply chain operations that churn out hundreds of millions of devices per year—tasks once handled by Mr Williams. Mr Khan runs day-to-day manufacturing of the iPhone, as well as other devices, and his team has gotten involved increasingly early in the design process.

While you're here
Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

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