Market Overview

Is Former Adobe CTO Kevin Lynch Behind Apple's 'Swift' Programming Language?

Related AAPL
Tradespoon Founder Vlad Karpel Talks Apple Inc, Alibaba Group Holding Ltd
Will Microsoft Corporation's Windows 10 Outsell Windows 8, OS X?
EBay, PayPal Splitting Up: What Changed CEO Donahoe's Mind (Fox Business)

Apple (NASDAQ: AAPL) caused quite a stir when it hired Kevin Lynch last year.

Before Apple, Lynch served as the Chief Technology Officer of Adobe (NASDAQ: ADBE). According to Bloomberg, he helped create some of the earliest applications for Mac computers.

Lynch currently serves as Apple's VP of Technology. Though none of his projects have been publicly revealed, Global Equities Research analyst Trip Chowdhry thinks that he might be the man behind a key announcement at this year's Worldwide Developers Conference.

Related Link: Was Apple Smart to Buy Beats Over Spotify?

"We think that the new programming language, Swift, was the brainchild of Kevin Lynch," Chowdhry told Benzinga. "Historically, Kevin Lynch has produced very good products. I think having a new language is good because it makes programming easier, and when you have a programming language that helps you write programs with fewer lines of code, it basically improves your developer productivity."

If Swift allows developers to create more applications in a shorter amount of time, Chowdhry believes that even more apps will be developed for iOS.

Eddy Cue's Big Claim

Last week, Apple SVP Eddy Cue made an astounding announcement: he claimed that Apple's 2014 lineup is the best he has seen since he joined the company 25 years ago.

That was a big statement to make, and it came right after Apple acquired Beats Electronics. This suggests that the company has some big plans for its future.

But the year is already half over, and Apple has yet to unveil a single new product. The MacBook Air received a minor speed boost and a notable price cut, but fresh features were nowhere in sight.

Could Apple have bigger things planned for the latter half of the year, or was Cue over-hyping Apple's plans?

"One thing that WWDC clearly indicated was that Apple has lost innovation, but they still have common sense," said Chowdhry. "But when we saw what Eddy Cue said, one can at least conclude that some executives have lost their common sense. The statement should have been, 'I am going to launch the most [exciting] product in the last 25 years. If any of those products are not launched or not considered revolutionary, I will quit my job before the year's end.' Then that statement would have had some credibility.

"Right now, some of Apple's executives are just blowing hot air. There's no credibility."

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

Posted-In: Adobe Apple comments Eddy Cue Global Equities ResearchAnalyst Color Rumors Tech Best of Benzinga

 

Related Articles (AAPL + ADBE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters