Apple announced the interesting news today as they hired 52-year-old Paul Deneve, formerly the President and CEO of luxury fashion house Yves Saint Laurent. This is big news as it can indicate the tech giant of stepping over into a broader domain, possibly into fashion and luxury market. There are no clear indications on the role of Deneve, except that he will join Apple as a Vice President and will overlook 'Special Projects'. Speculations are high right now, but we will just have to wait and see how this new member to the executive team will affect the dynamics of Apple and its product line. Stay tuned here for more information.