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MarketWatch First Take: Apple design should be fine without Jony Ive

Apple Inc. investors should not worry too much about the upcoming departure of industrial design guru Jony Ive, because some of the tech giant’s products could use a big design refresh anyway.

On Thursday, Apple’s shares AAPL, -0.03% slipped less than 1% in after-hours trading on the news of his departure. Ive told the Financial Times in an interview that his new company will be called LoveFrom and that he while he will no longer be an employee of Apple, he will still be very involved. “This just seems like a natural and gentle time to make this change,” he told the FT.

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