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Former Apple CEO on Steve Jobs, Samsung Lawsuit

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    Former Apple CEO Gil Amelio on the factors behind the company’s success.

  • Duration 5:01
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Anyway our kids are ready to take flight and the -- -- could put the whole economy apple set to announces iPhone 5 tomorrow.

JPMorgan's chief economist saying that apple.

Could sell eight million of these things in the fourth quarter.

And that alone would boost economic growth just these iphones by a third of a percent I don't know what that's a good or bad thing that our economy is hinging on -- -- But anyway.

Think of that.

It's as economies only growing by about 2%.

Fully a quarter that to become -- normal phone as a big -- former apple CEO.

-- -- Amelio says the company keeps soaring despite what he calls government's war on productivity.

Mr.

Miller could just say if it's great to see your email hi I'd I couldn't believe those numbers and it's on but I looked at the economists you know.

Got to this number it is doable you know he's so that many phones -- -- -- 40500 bucks a pop.

Big impact.

Well you know I'm on the board of AT&T and and then and that's been a burger strong program for being given to him to -- to -- -- Current and we've been seeing some pretty -- -- do you still -- Apple Stock.

Now anymore kids and I'm like most people I -- efficient yet -- -- what -- -- not to focus too much on the stock do you think it's had an on.

-- incredible.

Too good for real run and it's -- for its c'mon -- you know I mean if you look at the multiples it's justified their stock pressure justified.

And they're candidly I think they probably have 45 years should stop in the pipeline.

And I see no reason much -- -- -- for -- -- I should disclose I have an apples Sharyl we're not trying to go on the stock at its -- but I am curious stepping back from it.

That we factored perfect for faction into this company heavenly and I'm wondering whether that is justified in and that.

You know -- -- that you left is very different than happened today and shall be very different ample.

Five years from today and that down it's priced for perfection and one perfect response to.

-- -- this case but he thing.

Well -- all ultimately people make mistakes businesses make mistakes -- that that that will happen but what I think.

Apple has done differently since I started in -- and chief succeeded me.

We're staying focused.

We've been into your old days of apple that everyone had around -- project -- it was working on something different.

And it was a nightmare when I came and I had basically told my -- there's five things I -- to work on it cannot work and almost five stop you get to working on those five.

And -- and and that.

Brought the brought focus to the company that was were critical in the ultimate turnaround.

People -- -- early on relish the gadgets use it to -- these gadgets are neat that's not drop tomorrow or.

Or act like they're little sidelines in -- they've become vital part of your life I mean -- would you talk about the iPhone and the -- or at a -- and jobs -- And jobs and I have we're very different people who got -- tense moments but.

But I think we -- -- mutual respect.

RI I I I have to tell you wrote a short story that -- under related to that.

This -- I was.

She was coming in and it was clear that he's going to be part of -- shall work there was a clear exactly my future was but I had I -- -- -- so that had.

That figured out.

He said and -- a private moment he said to me he should go you know what you've done in the last couple years uses -- for -- couldn't -- done.

You did a great job.

And I was totally.

Surprised by the actress that's not something Steve your usually says I turn around -- them but I can't do the drug you're gonna -- And that which also true.

So I think there -- there was a mutual respect there although we were two very different people Lama Ph.D.

scientist.

You know -- on tend to be much more modest -- not -- rock star Steve was all of the other things I'm conservative he was liberal.

You know it -- and so we had we had moments but.

But I think we had you.

Then aggressive -- suing the -- songs and all these others.

As we -- in retrospect announce some of these books written on Steve Jobs that that he was very much concerned about companies ripping apple.

I would have done the same thing now there are.

-- inevitably be an unintended consequences.

But frankly I think we have to protecting intellectual property.

And we have to keep motivating and vendors to invent new things if we don't put don't protect you know the value of their inventions.

-- what what does that say about the future of our business America.

Invents the future.

To one thing we do not want to do is turn that off.

-- -- I was so people and to thank you very much.

What Steve Jobs did -- -- that would not have been possible without the start cleaning up the shop first.

Getting it organized.

And getting -- -- for the -- -- became without.

Cumulative and that's affect -- friends -- covered at the time.

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