Global Equities Analyst Says iPod Creator Jon Rubinstein Would be Better for Apple as CEO than Tim Cook

In a report released early Wednesday morning, Global Equities analyst Trip Chowdhry stated that if

is to resolve the problems that plague the company, it will need new leadership. Specifically, a new CEO and CFO. Chowdhry went on to say that innovative products, demand and industry creation are the best route to shareholder value with the company, and criticized the buyback and dividend program. He suggested that Tim Cook should be ousted in favor of Jon Rubinstein, the lead engineer of the iPod, while the company's CFO, Peter Oppenheimer, should be replaced by Fred Anderson. Later in the report Chowdhry noted that Apple's business could be gaining momentum in the mid to long term views as semiconductor companies have shown an increase in orders. Apple has been on a strong run since its earnings report on July 23, when the company posted a slight beat on the top line and a two percent beat on the bottom. It also showed strong numbers in the iPhone, while some other segments contracted. Following the report, Apple shares traded roughly flat at 454.98.