Apple CEO Reminds Us Tech Degrees Aren’t Delivering Necessary Skills

HackerRank’s annual developer survey underscores Rommety and Cook’s position. It found that college graduates weren’t being taught the …

Apple CEO Tim Apple Tim Cook has a reminder for us: Tech degrees might be a waste of time.

At the most recent American Workforce Policy Advisory Board Meeting, Cook noted about half of Apple employees don’t have a degree, and the company is “proud of that.” He also isolated “coding” as a skill Apple believes can be mastered without a degree, and that kids should have proficiency in it before leaving high school. From Cook:

…we’ve never really thought that a college degree was the thing that you had to have to do well. We’ve always tried to expand our horizons.

And so that degree — about half of our U.S. employment last year were people that did not have a four-year degree. And we’re very proud of that, but we want to go further.

And so to that end, as we’ve looked at the — sort of, the mismatch between the skills that are coming out of colleges and what the skills are that we believe we need in the future, and many other businesses do, we’ve identified coding as a very key one.

And we believe strongly that it should be a requirement in the United States for every kid to have coding before they graduate from K-12, and become somewhat proficient at it.

(One thing to keep in mind with Cook’s comments: He’s speaking of Apple’s entire workforce, which includes Apple Store employees. We’re sure some Apple Store staffers hold degrees, but you don’t need a degree to work in retail.)

Cook went on to highlight Apple’s push into coding education with services for teachers, as well as apps such as Swift Playgrounds. He’s making the case for Apple services, but also suggesting software developers don’t always need to go to university. Overall, his stance is that the next generation should have some ingrained proficiency in programming, thanks to some combination of self-teaching, high-school education, and other sources.

Cook isn’t alone. IBM CEO Ginni Rometty – who was at the same advisory board meeting as Cook (but offered nothing substantive) – spoke at the World Economic Forum in Davos, Switzerland earlier this year. At that event, she commented on the same skills gap, noting: “I think businesses have to believe I’ll hire for skills, not just their degrees or their diplomas. Because otherwise we’ll never bridge this gap.”

HackerRank’s annual developer survey underscores Rommety and Cook’s position. It found that college graduates weren’t being taught the languages and frameworks employers need; 32 percent of its respondents relied entirely on university to teach them what they needed to know, while 27 percent reported being self-taught. (An even higher number, 38 percent, combined schooling and self-learning.)

As a study from DigitalOcean points out, tech bootcamp graduates feel far more prepared for the ‘real world’ than college degree holders (61 percent to 36 percent, respectively).

And if you want still more evidence, the Dice Salary Survey proves the point that skills matter more than degrees. The average tech pro earns $93,244 annually, but adding a skill like GoLang can help you earn $132,827 per year. (When HackerRank asked students which languages they planned to learn outside of school, GoLang also ranked near the top.)

You could make a viable argument that university curriculums move far too slowly for tech. We told you a college degree might be unnecessary in 2015. And 2016. 2017, too. 2018? Check. Now it’s 2019, and we’re seeing the strongest signs that skills matter in tech, not degrees. Many tech jobs still ask for a degree, and that’ll help get you hired – but skills will keep you employed, and paid well.

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Qualcomm Fires Back At Apple Witness Tampering Claim

Qualcomm said an attorney for the witness, former Apple engineer Arjuna Siva, had sent an email rejecting the … The case is Qualcomm Inc. v. Apple …

By Mike LaSusa

Law360 (March 8, 2019, 7:56 PM EST) — Qualcomm traded blows once again with Apple on Friday in a smartphone patent trial in California federal court, claiming an Apple lawyer made an “utterly baseless” accusation of witness tampering against…

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Apple CEO Tim Cook now goes by ‘Tim Apple’ on Twitter

Others have changed their Twitter handles in solidarity with Cook. Box CEO Aaron Levie has changed his name to “Aaron Box“, and our very own …

APPLE CEO Tim Cook, seemingly influenced by INQ‘s report on Donald Trump’s name mix-up on Thursday, has changed his name to ‘Tim Apple’ on Twitter.

For those of you that missed the incredible gaffe, Trump this week flubbed Cook’s name during an American Workforce Policy Advisory Board Meeting, referring to him instead as ‘Tim Apple’.

“We’re going to be opening up the labour forces because we have to. We have so many companies coming in,” quipped Trump, who is famed for his cameo in 2001’s Zoolander.

“People like Tim — you’re expanding all over and doing things that I really wanted you to do right from the beginning. I used to say, ‘Tim, you gotta start doing it here,’ and you really have you’ve really put a big investment in our country. We really appreciate it very much, Tim Apple.”

Cook, who managed to keep a straight face during the slip-up, now wants us all to know that he’s in on the joke. Hours after Trump’s brain fart, he changed his name to “Tim Apple”.

Technically, it’s “Tim ,” but only those using an iOS or macOS device will be able to see the non-Unicode Apple symbol; those using other operating systems will likely see, er, something else.

Amazing. pic.twitter.com/IfMOWvA35W

— Vincent Chabrette (@VChabrette) March 7, 2019

Others have changed their Twitter handles in solidarity with Cook. Box CEO Aaron Levie has changed his name to “Aaron Box”, and our very own Chris Merriman has changed his to “Chris Inquirer”.

In solidarity with @tim_cook I have changed my name.

— Aaron 📦 (@levie) March 7, 2019

PSA: I have changed my Twitter name in solidarity with Tim Apple.

— Chris Inquirer (@ChrisTheDJ) March 7, 2019

Trump, who starred as ‘himself’ in Home Alone 2, has a habit of fluffing names; he called Nepal ‘Nipple’, Bhutan ‘Button’ and Namibia ‘Nambia’. He also last year referred to Lockheed Martin CEO Marillyn Hewson as “Marilyn Lockheed.” µ

Further reading

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Apple Setting Up Shop Close to Qualcomm

You might recall that Broadcom announced that it would be seeing its … (Broadcom doesn’t build cellular modems, but it builds chips that are part of a …

The chorus of reports that Apple (NASDAQ: AAPL) is planning to build its own cellular modem chips has continued to grow louder, particularly as the bitter legal battle between cellular modem giant Qualcomm (NASDAQ: QCOM) and Apple has dragged on.

Now, according to Apple (via 9to5Mac), the company is planning on opening up an engineering facility in San Diego — the city where Qualcomm’s headquarters is located. That facility, according to the company, is set to employ 1,200 employees.

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Given that Apple is apparently planning to build its own cellular modems, it’s little wonder that the company would set up shop in a town jam-packed with wireless chip engineers.

Here’s what this means for Qualcomm — the leading maker of cellular modems — as well as other modem makers that have development efforts in the city.

The cost of talent is set to rise

The talent market is like any other — the price of talent is substantially guided by supply/demand dynamics. The more demand there is for a given supply, the higher the price of that talent.

Apple developing its own cellular modems is certainly going to increase the demand for that talent.

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What this is likely to mean, then, is that modem development — at least in San Diego — is set to become more expensive. Apple, despite its recent disappointing financial performance, is still hugely successful and can afford to write the big checks required to lure in some of the industry’s best engineers.

Since Qualcomm is the leading developer of cellular modems in terms of both technology prowess as well as in raw industrywide unit share, it’s natural to expect that Apple is going to be extremely interested in recruiting some Qualcomm talent to bring its modems to life.

This isn’t likely to be good for Qualcomm’s financial performance. At best, the company might need to give some of its best engineers significant raises to match or exceed offers that Apple might put out, increasing operating expenses. In a less optimistic scenario, Qualcomm might see many of its top engineers leave, which could weaken the company’s ability to continue to crank out great products.

The talent situation is already tight

You might recall that Broadcom announced that it would be seeing its stock-based compensation expenses rise by more than 70% in its current fiscal year as it implements a “special broad-based multiyear equity award program” in a bid to retain the talent that it has in a “tight labor market.”

Apple building its own wireless chips is only going to exacerbate that issue.

Moreover, while I’ve focused primarily on Qualcomm as a company that could get hurt in this potential talent war, it is by no means the only company that might feel the pain. Apple could very well nab talent from other companies that build great wireless chips, like Broadcom. (Broadcom doesn’t build cellular modems, but it builds chips that are part of a smartphone’s cellular subsystem.)

Qualcomm’s main rival in merchant mobile applications processor market, MediaTek, also has an office in San Diego, for example.

Investor takeaway

The news that Apple is setting up an engineering facility in San Diego lends further credence to the reports that Apple is, in fact, building its own cellular modem technology. It also means that the cost of engineering talent may be set to rise, driving up operating expenses for wireless chip companies that operate in the area.

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Ashraf Eassa owns shares of Qualcomm. The Motley Fool owns shares of and recommends Apple. The Motley Fool owns shares of Qualcomm and has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple. The Motley Fool recommends Broadcom Ltd. The Motley Fool has a disclosure policy.

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Is Bitcoin without Satoshi like Apple without Steve Jobs?

Pham is known for his inflammatory statements on social media, getting into Twitter beef with Vitalik Buterin last year after he praised Steve Bannon …

Crypto influencer Kevin Pham has recently made what seems to be a criticism of Bitcoin (BTC) by comparing it to Apple. On his Twitter, he compared BTC’s development without Satoshi to that of the software giant after it lost Steve Jobs.

Pham is known for his inflammatory statements on social media, getting into Twitter beef with Vitalik Buterin last year after he praised Steve Bannon and criticized the Ethereum co-founder’s meetings with Vladimir Putin.

Read more: Co-founder of Ethereum Vitalik Buterin gets into twitter spat with Kevin Pham

This latest declaration about the progress and current state of Bitcoin (BTC) has provoked some passionate responses from the crypto community, although it isn’t really clear exactly what he was trying to communicate with the Apple comparison.

What happened to Bitcoin after Satoshi left is the same thing that happened to Apple after Steve Jobs left.

— Kevlar Pham (@_Kevin_Pham) March 5, 2019

The general consensus seems to be that it was a negative comment, referring to how Apple temporarily struggled without Jobs, although many have pointed out that the company continues to thrive long after his death. Others, primarily Bitcoin supporters, claimed that the comparison was entirely inappropriate and irrelevant.

Yep, and then went to $1T after his death!

Not saying Jobs wasn’t great, he was, but still…

— James Meece (@nexusrageHS) March 7, 2019

Apples and oranges

— Nvest (@growing101QC) March 6, 2019

Some agree that Bitcoin (BTC) has lost its original vision since launch. Pham himself is a supporter of Craig Wright’s Bitcoin Cash SV (Satoshi’s Vision), having previously praised it as being superior to Ethereum (ETH). Could his tweet about Satoshi actually be referring to Craig Wright?

What do you mean? @ProfFaustus is here

— Eylon (@Theeylon) March 6, 2019

Bitcoin SV can do everything Ethereum can do but better, faster, and cheaper.

Bitcoin is turing complete.

— Kevlar Pham (@_Kevin_Pham) March 7, 2019

Read more: 5 unexpected uses for the Bitcoin Lightning Network; Satoshi Nakamoto’s last message was today, 8 years ago. What did Satoshi say?



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