Report: Apple board pressuring Cook over "pace of innovation"

|About: Apple Inc. (AAPL)|By:, SA News Editor

Citing sources, Fox Business' Charlie Gasparino reports (video) Apple (AAPL) board members are pressuring Tim Cook over the company's "pace of innovation."

Gasparino suggests a recent shortage of groundbreaking new products is "manifesting into pressure on Tim Cook to basically innovate, do something fast."

However, he adds "this doesn’t mean that Tim Cook is out of a job." "I don’t believe that’s happening, and sources inside Apple are telling us that’s not the case"

Apple has ceded international smartphone share over the last year amidst growing calls to offer cheaper and bigger iPhones. The former appears set to arrive shortly; the latter is reportedly in the prototype stage.

Multiple reports indicate an iWatch is in the pipeline. But a July FT report suggested hiring activity points to a 2H14 launch.