WSJ: Apple product delays double in length with Tim Cook as CEO
Under Tim Cook, Apple new product delays have doubled According to today's Wall Street Journal , Apple has seen the time between announcing a new product and shipping it rise to 23 days during the past six years. During the six years before that, the average was only 11 days. This is not a good sign for the tech titan. Apple used to keep lead times short to prevent rival tech firms from responding to a new product from Cupertino. These delays can also upset customers and cost the company money. One example of a product delay that hurt Apple in its pocketbook is the ongoing one with the HomePod smart speaker. Devised by Amazon, this product combines a speaker and a virtual assistant. Amazon launched the device in 2015 and this year many smart speakers were purchased for Christmas and Hanukah. Apple originally was hoping to join in with a December launch of its premium HomePod smart speaker, priced at $349. But the device was not ready in time, and is now expected to b