Apple promotion may signal new products: Analyst

Apple's c-suite shakeup

A C-suite promotion for one of Apple's most celebrated employees could be a powerful signal that a "slew of new products" are on the horizon for the world's largest company, according to Dan Ives, a managing director at FBR Capital.

Apple design mastermind Jonathan Ive, described by the company as the "driving force behind the look and feel of Apple's innovative products," was promoted this week to the newly created position of chief design officer. According to Ives, that's more than just good news for the 19-year Apple veteran; it's also a big plus for shareholders.

"The fact that he's been promoted to this seat at Apple, I think it indicates that we are on the horizon of a slew of new products over the next year or two," Ives said Tuesday on CNBC's "Fast Money."