Apple CEO Steve Jobs sees a “recovery in innovation” coming out of the recent difficult times for tech companies, he says in a
BusinessWeek Online article. He says that Apple didn’t reduce its spending on research and development during hard times because the company felt if it kept on putting out “great products” customers would respond.
“And that’s what we’ve done,” Jobs told Business Week Online. “We’ve been turning out more new products than ever before, and Apple is one of only two companies making money in the PC business. We’re not making a lot, but other than Dell, we’re the only one. Others are losing money — a lot of money.”
The CEO isn’t concerned about a lack of innovation in the industry. He said he was “pretty stunned” at the number of successful young companies around, citing eBay and Google as examples.
“The rate of innovation now is not significantly different from what I’ve seen over the last 20 years, if you take out the Internet craziness,” Jobs told Business Week Online. “I see a recovery in innovation coming out of this downturn. I see some very strong companies that have been built even in these very tough times. And I see some new sprouts popping up out of universities.”