Tag: ceo

Samsung CEO Kwon Oh-hyun Resigns Under Mysterious Circumstances

Kwon Oh-hyun, CEO of Samsung Electronics and Samsung Display, vice chairman and head of Samsung’s components division has announced his resignation. He will step down from the role as well as his position on the board in March 2018.

Kwon Oh-hyun said in a letter to the employees:

It is something I had been thinking long and hard about for quite some time. It has not been an easy decision, but I feel I can no longer put it off. As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry.

There are no words to describe how proud I am that we built together one of the most valuable companies in the world. We have come a long way to create a company that truly changes how people live, work and communicate with each other. But now the company needs a new leader more than ever and it is time for me to move to the next chapter of my life.

Kwon joined Samsung in 1985, rising to lead its semiconductor business before his appointment as the CEO. He was appointed CEO of Samsung Electronics in 2012 and in 2016, he became the CEO of Samsung Display.

Samsung has had a very successful finanical year but, all may not be well in its leadership. The South Korean tech giant, Samsung expects its operating profit to nearly triple year on year, demonstrating a very strong recovery after the equivalent period in 2016 saw the infamous Galaxy Note7 recall. In his letter, Kwon cites “unprecedented crisis,” he might be referring to the arrest of Lee Jae-yong, the de facto leader of the entire Samsung group, on corruption charges. It looks like the scandal will slowly show the repercussions and Kwon Oh-hyun’s resignation seems like the fist indication. Samsung is yet to announce a replacement. It seems like one of the two “co-CEOs”, BK Yoon and JK Shin would replace Kwon. Will this internal turmoil affect Samsung and its future plans? We don’t think so.

October 13, 2017
5 Facts About Google CEO Sundar Pichai that Ought to Inspire You

While every Indian is ecstatic at the thought of Sundar Pichai becoming the newly appointed CEO of Google, how much do we really know about the whizkid who made it to the top ranks of the $66-billion revenue, $16-billion profit, company?

Here are a few things we should know about the Indian who made it to the top, for the sake of making our morning a little inspiring.

1. He was born in Chennai and did his schooling in PSBB Jawahar Vidyalay. He belonged to a modest family where his dad managed a warehouse that made electric components. It is from there that Pichai developed an inclination towards technology and went on to pursue an undergraduate degree in metallurgical engineering from IIT Kharagpur.

Source: www.bloomberg.com Pichai with his parents in 1997

2. Pichai also has an MS degree from Stanford University and an MBA from the prestigious Wharton School of Business (where he was awarded the Siebel scholar and the Palmer scholar). So he was always at the top of his class and continues to be so, even to this day. He’s only 43, after all.

3. While work politics play a huge role in most offices, and ego clashes occur on a regular basis, the reason that Pichai stood out so much is due to his simplicity and his ability to create brilliant teams. Caesar Sengupta, a Vice President at Google who worked with Pichai for eight years said, “I would challenge you to find anyone at Google who doesn’t like Sundar or who thinks Sundar is a jerk.” How many of us can find one person like that at our respective workplaces?

4. Pichai made a breakthrough in Google after he was given the opportunity to handle Toolbar. Although he joined in 2004, he created a lot of revenue for the company as the toolbar was a huge success and made Google come up with its own Browser in 2008.

5. Lastly, Pichai almost left Google in 2011 to become the Product Head at Twitter. However, his work and reputation had reached such heights that Google offered him a whooping 50 million dollars to stay back in the company. Naturally, he declined Twitter’s offer and look where he is today!

Source: free-stock-illustration.com
Sundar Pichai with his wife, Anjali Pichai

Pichai is a family man with a wife and two children and enjoys playing chess in his free time. He isn’t known to be a workaholic and is popular for his impeccable work ethics. While we as Indians, feel extremely proud of his accomplishment, let’s be inspired by his success. Don’t you think?

August 11, 2015
Chennai-Born Sundar Pichai is Now the CEO of Google

It’s always good news when we see a fellow Indian speedily climbing the ladder of success. Google’s Sundar Pichai, who earlier used to head the company’s strategic businesses, has been given more responsibility.

Larry Page, former CEO has handed over his responsibilities (and title) to Sundar Pichai. Meanwhile Larry Page, along with Sergey Brin, will be handling their new company – Alphabet.

And it is clear to us and our board that it is time for Sundar to be CEO of Google.

Before this Pichai, as the Senior Vice President, headed the most widely used OS in the world – Android, along with which he was incharge of Google Chrome, and oversaw the company’s suite of apps including Gmail and Docs. He was also working on research, search, maps, Google+ social network, ads and infrastructure. In October last year, the then CEO, Larry Page wanted to focus more on overall business strategy, off loading some of his responsibilities to Pichai. Now it seems like the entire responsibility has been handed over, and Sundar Pichai is officially incharge of Google.

Want to know more about the new Google CEO? Click here.

Source : [tw-button size=”medium” background=”#07ABE2″ color=”” target=”_blank” link=”https://investor.google.com/releases/2015/0810.html”]Google Blog [/tw-button]

August 11, 2015
Everything You Need to Know About Microsoft CEO Satya Nadella

On 4th February 2014 Satya Nadella was announced the Chief Executive Officer of Microsoft Corporation. He joined Microsoft in 1992 and served leadership roles in both enterprise and consumer businesses across Microsoft for over 22 years. He served as Executive Vice President of Cloud & Enterprise Group and President of Server & Tools at Microsoft Corporation until 4th February, 2014. He led the transformation to the cloud infrastructure and services business. Satya Nadella joined the growing list of India-born executives heading major global corporations. The list already includes PepsiCo CEO Indra Nooyi and Deutsche Bank co-CEO Anshu Jain.

We are listing 8 facts about Satya Nadella you ought to know:

1. Love for Cricket

[quote text_size=”small” author=”Satya Nadella”]

I think playing cricket taught me more about working in teams and leadership that has stayed with me throughout my career.

[/quote]

He has grown up as a passionate cricketer and has played for his school and college teams.

2. He was Initially Against the Nokia-Microsoft Collaboration

Some reports say that during the on going talks about the deal had hinted that Microsoft founder Bill Gates and new CEO Satya Nadella were against the Nokia buyout, as was Skype founder Tony Bates and many other unnamed board members. Later, Nadella changed his stance and supported the deal.

3. Love for Poetry

Nadella says he loves to sit back and read poetry, which, according to him, is like a code.

[quote text_size=”small”]

You’re trying to take something that can be described in many, many sentences and pages of prose, but you can convert it into a couple lines of poetry and you still get the essence, so it’s that compression. The best code is poetry.

[/quote]

4. Microsoft’s 3rd CEO

In the 38 years of Microsoft’s history, only three people have held the position of CEO and Nadella is one of them. Former CEOs were Bill Gates and Steve Ballmer.

5. An Engineer by Education

Unlike Steve Ballmer, who comes from a managing background and had served as an Assistant Product Manager at Procter & Gamble before joining Microsoft in 1980, Nadella started out as an engineer. He holds a bachelor’s degree in Electronics & Communications Engineering from Manipal University and a master’s in Computer Science from the University of Wisconsin.

6. Roots and Wings

Nadella’s hometown Hyderabad is a technology hub and houses one of the biggest Microsoft Research and Development Centres outside of the United States. His father, B.N. Yugandhar, still lives in Hyderabad. Nadella’s father has been a member of the elite Indian Administrative Service and a member of the Planning Commission during 2004-2009 under the then Prime Minister Manmohan Singh.

7. His major role in Microsoft’s transition to cloud

Before becoming the CEO of Microsoft, he was Executive Vice President of Microsoft’s Cloud and Enterprise Group and was responsible for building and running the company’s Computing Platforms, Developer Tools and Cloud Computing Services. Under Nadella’s leadership, Microsoft is on its way to become as good at web-based services as it ever was at PC software.

8. One of the most promoted employees in Microsoft

Among his other high-level positions before he served as the Executive Vice President for the Cloud and Enterprise Group last year are President of the Server and Tools Business, Senior VP of R&D for the Online Services Division, VP of the Business Division, Corporate VP of Business Solutions and Search & Advertising Platform Group, Executive VP of Development of Cloud and Enterprise Group.

December 3, 2014
Techies at Work: Making India Proud

“The U.S. is looking to India as more than just a marketplace for our defense products, but as a technology, aerospace and strategic partner for our future endeavors”, said Kit Bond, a former US Senator. The current global technology scenario, clearly, highlights the rise of Indians in the worldwide market and as Indians, we take pride in it. After all, what is a country without its countrymen? And what do we toil for, if not our own country?

As India celebrates its 68^th Independence Day, we bring to you the top Indian techies from all over the world that have done all they can and more to make India proud.

1. Satya Nadella

CEO, Microsoft

Born in a Telugu family in Hyderabad, Satya Nadella replaced Steve Ballmer as the CEO of Microsoft. He joined Microsoft in 1992 and since then, has worked at various projects including the company’s transformation from client services to cloud infrastructure and computing.

Before being announced the CEO of the company on 4 February 2014, Nadella was working as the President of the Server and Tools Division. His desi reason for success, he mentions, is the leadership and teamwork skills he learns from cricket!

2. Padmasree Warrior

CTO, Cisco Systems

Padmasree Warrior is the current CTO (Chief Technology & Strategy Officer) of Cisco Systems and the former of Motorola Inc. Born and raised in the city of Vijayawada in the southern state of Andhra Pradesh, she has worked for 23 years at Motorola and 7 years (and still counting) for Cisco Systems.

At Cisco, she is responsible for strategic partnerships, mergers and acquisitions, integration of new business models, incubation of new technologies and talent. Earlier this year, she was listed as the 71st most powerful woman in the world by Forbes magazine.

3. Amit Singhal

Senior Vice President, Google Inc.

Amit Singhal, also called a “Google Fellow”, is the current Senior Vice President of Google Inc. A product of IIT Roorkee, Mr. Singhal is also the head of Google’s core ranking team. He joined Google in 2000 and has worked sincerely towards its development ever since.

According to New York Times, he is the master of what Google calls its “ranking algorithm” — the formulae that choose which Web page provides the most suitable answer to a user’s question. Prior to joining Google, he worked in AT&T Labs.

4. Shantanu Narayen

President and CEO, Adobe

He started his career at Apple and is currently, the President and CEO of Adobe. His journey includes various other landmarks such as Silicon Graphics and Pictra Inc. Born in Mumbai, raised in Hyderabad, Mr. Narayen is currently the Board Member of Dell Inc., Adobe Systems and University of California at Berkeley.

He was one of the most hard working and inspirational forces behind Adobe’s $3.4bn attainment of multi-media company Macromedia in 2005. His 16 year career at Adobe reflects the Indian technology talent that currently resides in the creative technology tool industry.

5. Vinod Dham

Managing Director and Founder, Indo US Venture Partners

This list will not be complete without the ‘Father of Pentium’. An inventor, entrepreneur and venture capitalist, Mr. Dham is a celebrated Indian among all techies from the world for his contribution to the development of highly successful Pentium processors from Intel.

A respected alumnus of Delhi College of Engineering, he specialized in solid state electronics – the technology which forms the basis for the storage that is found in every smartphone and tablet as well as many laptops. He led the development of the Pentium processor, and also co-invented Intel’s first flash memory technology.

August 15, 2014
Microsoft To Appoint CEO By Early 2014

Microsoft has stated that they will not be naming a new CEO in 2013, defying speculation that the board wanted to make the announcement before the end of the year. The announcement came via a post on the official Microsoft blog by John W. Thompson, a member of Microsoft’s board of directors.

John Thompson said that the company has filtered its list of candidates from 100 to 20 to a smaller, though unspecified, number.

According to the Guardian, Thompson further said that as the list of potential successors has been narrowed and they have done deeper research, which is expected to be completed in the early part of 2014.

The frontrunners in the CEO race include ex-Nokia chief Stephen Elop, Ford CEO Alan Mulally, Microsoft’s cloud computing head Satya Nadella among others.

After spending 13 years running Microsoft, Steve Ballmer might be turning in his key to the men’s room for a coach’s whistle as there is talk he might coach his son’s high school basketball team. While he will be missed, there are those who would like to see a replacement named quickly. Certainly, the new CEO will have a lot to work with considering Microsoft’s huge variety of product offerings.

December 18, 2013
Apple Hires CEO Of Burberry To Boost Up Retail Business

Apple today announced that Angela Ahrendts, CEO of Burberry, will be joining Apple in a newly created position, as a senior vice president and member of the executive team, reporting to CEO Tim Cook.

Angela Ahrendts, currently CEO of Burberry, has been recruited to fill a position that will be created especially for her when she switches allegiances next spring — as a senior VP responsible for the “strategic direction, expansion and operation” of Apple’s shopping experience. Ahrendts has already demonstrated that she can work with Apple, as Burberry helped to promote the launch of the iPhone 5s (shown above) as the show was recorded with the new iPhone.

Statement from Tim Cook:

I am thrilled that Angela will be joining our team,” said Tim Cook. “She shares our values and our focus on innovation, and she places the same strong emphasis as we do on the customer experience. She has shown herself to be an extraordinary leader throughout her career and has a proven track record.”

Statement from Angela Ahrendts:

I am profoundly honored to join Apple in this newly created position next year, and very much look forward to working with the global teams to further enrich the consumer experience on and offline,” said Ahrendts. “I have always admired the innovation and impact Apple products and services have on people’s lives and hope in some small way I can help contribute to the company’s continued success and leadership in changing the world.”

October 15, 2013
Nokia CEO Stephen Elop, Stepping Down Because Of The Upcoming Transition

Microsoft’s Acquisition of Nokia Devices and Services will also result in the end of tenure for Nokia CEO Stephen Elop. After the completion of the deal, CEO Stephen Elop is to step down to become Executive VP of Devices & Services, and should join Microsoft (If he choses to do so).

The shift in rank should minimize any perceived conflict of interest during Elop’s transition: Nokia says.

Chairman of the Board Risto Siilasmaa will assume an interim CEO position while the company looks for a permanent replacement for Elop. Meanwhile, key Nokia executives Jo Harlow, Chris Weber, Juha Putkiranta and Timo Toikkanen are also expected to follow Elop to Microsoft, Executive VP of Design Marko Ahtisaari plans to step down on November 1st, and will leave the company on November 30th to once more become an entrepreneur. Having said that, Microsoft is getting most of the cellphone industry’s better known leaders all together, should they head down Google-rola’s Path.

September 3, 2013
HTC woes continue, Asia CEO Lennard Hoornik Quits, along with Head of Global Digital Service

HTC is headed towards turbulent times it appears as more Key Execs depart HTC to pursue other interests. Asia CEO Lennard Hoornik, has also left the company, the news was later confirmed by HTC. This news comes after yesterdays report of VP of Global Communications and Chief Product Officer quitting. According to CNET, the CEO of HTC Asia Lennard Hoornik has also relieved his post, with regional CFO Chia-Lin Chang taking the reins until a formal replacement is named. Hoornik, who joined HTC from Sony Ericsson, also took care of India operations and was one of the key introducers at major launches around the Asia region.

The news also claims, that Lennard Hoornik was absent for over two months before the confirmation of his departure, considering that news, he was either let go, or chose to go on his own.

HTC confirmed to Engadget that;

HTC can confirm that Lennard Hoornik has left HTC to pursue other interests. We appreciate his contributions to our South Asia efforts over the past year and wish him all the best. HTC’s CFO, Chialin Chang will provide interim leadership in this strategic region while we work to find a permanent solution.”

Also according to reports Head of Global Digital Service Elizabeth Griffin will also be leaving HTC later this week to join Nintendo. Looks like HTC’s “executive worries” are just beginning.

May 23, 2013
Nokia to stick with Windows

Nokia Chief Executive Stephen Elop promised to unveil a new smartphone using Microsoft’s latest Windows 8 software soon, raising the prospect it will be launched in early September before rival Apple promotes its new iPhone.

The Finnish company, which is fighting for survival after losing out to rivals in the lucrative smartphone business, is due to hold a trade show in Helsinki on September 5-6, just before an Apple event on September 12 where the U.S. competitor could announce a redesigned iPhone.

Nokia, the world’s second-largest cellphone maker, has not commented on what it will announce at the Nokia World event, but business magazines have said it will unveil the new Windows 8 smartphones.

Elop, in Oslo for a meeting with Telenor Chief Executive Jon Fredrik Baksaas, did not deny a September launch but would only say Windows 8 smartphones would be released “relatively near term.”

August 15, 2012
Edit : Is Nokia another RIM in the Making

Long gone are the times when this legend ruled the streets, Nokia had the major chunk of the market share for 14 years in a row. With over 27% of the total market size cap, Nokia dictated terms of the trade and decided future technology along the lines of mobile telephony.

More than seven years before Apple rolled out the iPhone, the Nokia design team showed to the top executives a phone with a color touch screen set above a single button. The device was shown locating a restaurant, playing a racing game and ordering lipstick. In the late 1990s, Nokia secretly developed another alluring product: a tablet computer with a wireless connection and touch screen—all features today of the hot-selling Apple iPad. According to Frank Nuovo, the former Chief Designer at Nokia Corp.

The consumers never saw those devices simply because of the internal company politics, that made getting approvals practically impossible.

Nokia’s long battle of being the leader in the mobile phone segment was ended when rival Samsung took the lead and never looked back. In 2007, the year the iPhone was announced, Nokia had its highest market share of 40%. Nokia had always claimed that the iPhone would not do well, as it did not have 3G networks, was not drop tested and didn’t have basic things like bluetooth file transfer and message forwarding. But the consumers loved the iPhone, the phone that ushered in the era of the smartphone, leading to the development of what is now called Android OS and Windows Phone, and the inevitable downfall of all those who were left behind (Read RIM and Nokia)

[pullquote_left]Cash reserves are at an all time low US $5.1 billion[/pullquote_left]Nokia is still fighting hard, even though cash reserves are at an all time low US $5.1 billion in vs the $6.3 billion in Q1 2012. Nokia’s strategies and internal company politics have often been blamed for such a major downfall. To battle the current mobile giants, Nokia had developed many products Meego was one of them. Nokia spent over US$ 40 billion in research over the past 10 years, on projects including Meego OS.

The company thought they had it right going the Apple way, the Hardware was propriety and so was this super smooth OS. But there was always rivalry within the company as the Symbian and the Meego teams competed with each other for support and the attention of the top executives as each group was accountable for delivering the most competitive phone.

Nokia design meetings are not anything like you would imagine. In a normal world a few design heads and key executives would sit in a conference hall and discuss design strategies for the company. But with Nokia it was a different ball game together, hundreds of engineers and designers were called in from all over the world to meet in one large auditorium where everyone was shouting to be heard. Your involvement ensured your position at the company, therefore the end resultant was anything short of a legislative assembly on the decision of a Legal Bill in the Delhi Parliament house.

In 2010 Stephen Elop joined Nokia as CEO and brought about a massive shift in strategy. The company was at the time spending €5 billion a year on R&D—30% of the mobile phone industry’s total. Elop came in and completely eradicated the future of both Symbian and Meego paving the way for a Windows Phone alliance which would see the light of the Lumia Devices.

[pullquote_right]Lumia phones were a generation behind[/pullquote_right]Nokia managed to screw that up, because, the first series of Lumia phones were a generation behind. While companies like HTC and Samsung pushed out their second generation Windows Phone devices, equipped with Mango and ready to handle tasks like VOIP, video conferencing and tethering, Nokia Lumia phones focused on build quality and apps (Nokia’s view since the starting era). Nokia left out key elements that makes the consumer of today lean in to buy smartphones.

Every announcement made by Microsoft for the Windows Phone OS update has left Nokia in the dust of the past. Windows Phone 8 will now not work on any Lumia phone already available , and those yet to be announced in India (Lumia 900). While Elop and Nokia are trying to escape the matter by assuring that the Hardware requirements for Windows Phone 8 cannot be met in existing devices, the consumers who did give Nokia another fighting chance may never look at the brand again.

Symbian based Nokia Asha series and PureView phones belong to totally different sectors. The Asha Series being targeted at the budget line while the PureView at a high end niche market. While these devices show promise for the company, their sales cannot be accounted for positive sustainability of the once leader of mobile telephony.

Only if Nokia would drop all side businesses and truly focus on system which was perfect to the core would they be able to capture the market again. Nokia might actually rise again, but this time not thanks to Symbian or any other OS but Windows Phone. If they design hardware keeping in mind the consumer and use the software that is at their disposal, then the company may once again win the heart of the consumer. Until that happens, for the future of this Mobile SmartPhone manufacturer, your guess is as good as mine.

Sources : WSJ, Economic Times, Nokia Archives and EU Commission

July 21, 2012
Google Co Founder : Sergey Brin : Internet is under attack by governments, Apple and Facebook

In an interview with the Guardian, Google’s Sergey Brin said he was worried about the state of the internet and that Google could not have flourished in an online ecosystem like today’s.

The threat to the freedom of the internet comes, he claims, from a combination of governments increasingly trying to control access and communication by their citizens, the entertainment industry’s attempts to crack down on piracy, and the rise of “restrictive” walled gardens such as Facebook and Apple, which tightly control what software can be released on their platforms.

He said he was most concerned by the efforts of countries such as China, Saudi Arabia and Iran to censor and restrict use of the internet, but warned that the rise of Facebook and Apple, which have their own proprietary platforms and control access to their users, risked stifling innovation and balkanising the web.

“There’s a lot to be lost,” he said. “For example, all the information in apps – that data is not crawlable by web crawlers. You can’t search it.”

Bold move Mr. Brin!

April 17, 2012
Apple will announce plans for its US $ 100 Billion cash reserves tomorrow (PR)

Apple is the proud holder of almost a US $ 100 Billion of cash reserves. What does a company with so much capital and power do? Well the world is probably asking and Apple is ready to answer the questions tomorrow : March 19, 2012 6:30:00 PM GMT+05:30.

So what does a company who is richer than the worlds most powerful country have in mind? Possibly better returns to investors? Major world dominance plans? or maybe their own country?

Who knows with Apple, we will just have to wait and watch.

[toggle title_open=”Press Release” title_closed=”Press Release” hide=”yes” border=”yes” style=”default” excerpt_length=”0″ read_more_text=”Read More” read_less_text=”Read Less” include_excerpt_html=”no”]

Apple Conference Call
WHAT: Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host a conference call to announce the outcome of the Company’s discussions concerning its cash balance. Apple® will not be providing an update on the current quarter nor will any topics be discussed other than cash.

WHERE: Via conference call. The dial-in number for press is (877) 616-0063 (toll-free) or (719) 219-0041. Please enter confirmation code 592016.

WHEN: Monday, March 19, 2012 at 6:00 a.m. PDT/9:00 a.m. EDT

REBROADCAST: The conference call will be available as a continuous rebroadcast beginning Monday, March 19 at 9:00 a.m. PDT/12:00 p.m. EDT through Monday, April 2 at 9:00 a.m. PDT/12:00 p.m. EDT. The dial-in number for the rebroadcast is (888) 203-1112 (toll-free) or (719) 457-0820. Please enter confirmation code 6274937.

WEBCAST: Apple will provide live audio streaming of its conference call using Apple’s industry-leading QuickTime® multimedia software. The live webcast will begin at 6:00 a.m. PDT on March 19, 2012 at www.apple.com/quicktime/qtv/call31912 and will also be available for replay for approximately two weeks thereafter. The webcast is available on any iPhone®, iPad®, iPod touch® or any Mac® or PC running QuickTime 6 or later. If you do not have QuickTime installed on your Windows PC, it is available at www.apple.com/quicktime.

This recording is the property of Apple and protected by U.S. copyright law and international treaties. Any reproduction or distribution is strictly prohibited without prior written approval from Apple. Please contact Apple Public Relations or Investor Relations with any questions.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.

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March 19, 2012
Mike Lazaridis apologizes for BlackBerry outage on Video

RIM founder and CEO Mike Lazaridis takes out time and apologizes for the service outages for Blackberry services this week. In a video address published today, Lazaridis acknowledged that RIM services were out of functionality due to server losses this week, but assured that his company is working hard to remedy the situation.

We’ve let many of you down, event though services are approaching normal levels across Europe, the Middle East, India and Africa, but could not give an estimate as to when RIM may see full global recovery. It’s too soon to say that this issue is fully resolved”

The above video was released just hours before news came out that the services were fully restored across the world.

October 14, 2011
Apple Event on October 4th, Tim Cook will Unveil the iPhone 5

According to industry reports the next generation of Apple iPhone is all set for launch on the 4th of the next month. The device will be unveiled by new Apple CEO Tim Cook. Cook will be the main presenter at the event, with executives Phil Schiller, Scott Forstall and Eddy Cue playing supporting roles. This would also be the very first time that Cook has actually led an Apple event.

The iPhone 5 will go on sale within a few weeks from launch date. Stay tuned for more on this.

September 21, 2011