Tim Cook may not be the pinnacle of excitement at Apple but he certainly does have brilliant technologists and designers such as Jony Ive on board working on new products. If you've noticed during the latest corporate presentations, there are more parties moving into the public eye rather than the sole focus being on the CEO. Tim Cook doesn't generate the kind of buzz that Steve Jobs did but clearly recognizes that there are capable people at Apple.
That's called utilizing your team. And that's a good thing.
There does seem to be accountability in place and a recognition that corporate culture matters. When Apple maps rolled out (disastrously so), heads rolled just as they did under Steve Jobs when the antennae issue for the iPhone became a problem. Accountability includes replacing parties that have not acted in a way that best reflects Apple's perspective. Rumors are that when high level personnel changes took place over the last couple years, there was relief throughout the workplace that brilliance and expertise was not enough to overcome boorish behavior.
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So, when it comes to projecting Apple's future ability to innovate, remember this: It's not as if, since Steve Jobs died, there are a bunch of idiots sitting at Apple that have absolutely no clue what the marketplace looks like or the kind of products consumers want or need.
I find it ridiculous to make a judgment about a company with a P/E ratio of 13, with massive cash in the bank, that sold 44 million iPhones, to consider that company washed up. Here's the test: Would the board at Samsung snap their fingers in a second and trade places with Apple? I bet they would in a heartbeat. That should tell you something right there.
Commentary by Michael A. Yoshikami, the CEO and founder of Destination Wealth Management in Walnut Creek, California. He is also a CNBC contributor.