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Analysts weigh in on Steve Jobs resigning as Apple’s CEO
Steve Jobs resigned his position as Apple’s CEO yesterday, certainly not the greatest news especially since it has to do with his health. Jobs stated that “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come. I hereby resign as CEO of Apple.” It’s never good to hear that somebody, anybody, is battling a horrible disease. Weather you’re a fan of Steve Jobs or not, his influence has spawned beyond tech into other arenas such as design, leadership, creativity, music and culture.
Today, the financial analysts are having their say. Mike Abramsky of RBC Capital Markets gracefully sums it up, he’s still projecting the Apple stock will outperform and says that a post-Jobs era is “similar to the departure of Henry Ford, Walt Disney – unique creative forces whose companies carried on for years – Apple without Steve will go on… However, it’s hard to believe Apple won’t be different; Steve was involved in every detail of product, marketing, execution, deal-making (carriers, studios, etc.) and had the vision and gravitas to bet on disruptive innovations.”
Here are some other analyst remarks:
Analyst Shaw Wu from Sterne Agee: “We see Tim Cook leading on the many principles of Steve Jobs that are ingrained in the culture of AAPL,” he wrote. “In addition, we believe AAPL is clearly not a one-man show.”
Analyst Brian White from Ticonderoga Securities: “Clearly, there is no one like Steve Jobs in the tech world and Apple will never have another Steve Jobs at the helm, however, we believe he has created an incredibly talented team that can lead Apple to continued success fro many years to come.”
What do you think the future of Apple will be without Jobs as CEO?
Discussion
25 comments for “Analysts weigh in on Steve Jobs resigning as Apple’s CEO”
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Steve Jobs saved Apple and brought it to its fame. Hopefully the company won’t go back to Snow White. :-O
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While he may have trained others to behave like him, they will not be able to think like him. Steve Jobs is Apple. Plain and simple.
It will take years for it to happen but once a new generation of talent enters the company, new direction will take over.
Personally, I think it’s a good thing for them because we are starting to see cracks in the zen garden approach. People like and WANT choice in hardware specs, usability, features, UI and colors. Gone are the days when Henry Ford said: “You can have it any color you want, as long as it’s black”.
No man (or company) is an island. Steve’s successors will find this one out soon enough.
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Some people want that, others just want something to work and be simple. Steve’s vision when he came back to Apple and developed the iPod was the connected home, always he knew he could never compete with head on with Microsoft , but his tact was get the content, and the devices to consume content and get that into consumers hands. He evolved the development when he saw the opportunity in the smartphone space. There is something to be said about buying a new device, or an additional device and easily having access to all the digital content you purchased. Why do you think RIM , Samsung, and others are rushing to do the same thing, its developing the ecosystem that people become comfortable in to use technology. I would challenge anyone to show me another platform that allows computers, phones, mp3 players and television to have access to all the content across all devices with similar look and feel so that everyone from 3 – 100 can use. That is the value Apple pushed, and others are scrambling to catch up.
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I can’t get over this news… *high fives all around*
This guy was good for apple, but bad for the tech world as a whole. His use of patents to remove competition doesn’t help you or I at all. And the whole changes everything is blown way out of proportion, iPhone 1st gen vs BlackBerry 4.5 is not a huge difference, large touchscreen, great marketing and that’s about it.
This guy was a negative impact on the tech world, I’ll give him he was a good marketer.
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“..iPhone 1st gen vs BlackBerry 4.5 is not a huge difference, large touchscreen, great marketing and that’s about it.”
bwhahahaha yeah no real difference at all eh?/sarcasm. Just that and the fact it spawned billions of dollars, several copycats, an App market, ect. In 1999, could you imagine a single device that could make phone calls, tell you where you’re going and magically pull movies and music out of thin air? I’m willing to bet you still don’t know phones can do this.
What palm and rim built with the original smartphones, Steve Jobs and Apple improved and reinvented the entire genre.
give your head a shake..
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if you look at it another way, he used patents to spur others to innovate, not copy. If one innovates and others can copy, then you only have the vision of one person or company dictating the future of the world. If you have many companies innovating, then and only then you get the greater good. Apple was forcing others to innovate and contribute to the evolution of technology as a whole. Apple also has a knack of figuring out what consumers want from a holistic view and then building hardware to support that, not building hardware and relying on others to build the software to enable the usability of the product.
I use Android, but there is no disputing that Apple’s innovating led to Android to be born and keep evolving. And yes Apple adopts some good ideas that are out there, and BTW, its only stealing if you don’t get permission to use them.
Google and Apple aren’t as bitter enemies as people think, I am sure they co-operate on a number of initiatives at a higher level.
Cheers,
Andy
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Derek, do not confuse cause and effect; nor marketing and development. Like I said, Steve Jobs is great for Apple, he successfully convinced otherwise non technical people that they do things better and first. Fact is, he did nothing first.
The blackberries I mentioned were unfortunately not touch screens, but that doesn’t mean other companies were not putting their own blackberry knock off OS’s on touchscreen devices. Complete with Appstores. Apple wasn’t even the first appstore on their own device, let alone first one. My razr had one back in the day.
We were already technically were the iPhone was before the iPhone, all Apple did was “be successful” at it causing resources (your money) to go to them and not mixed among many less sexy companies like Samsung, Nokia and Moto. Creating a bit of a monopoly.. with more money going into sustaining that monopoly and less into improving the over all usefulness of our devices. Not that the other companies do no evil, but their history shows less of it and competition is always better.
So like I said, over all.. he was great for Apple, but over all a very negative impact on the world around him.
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A: Not true, look at what patents they have been sueing over. Samsung is a good one to look at.
A popular Samsung device is black and rectangular with rounded edges. Apple in secret went to a German judge to have it banned from all of Europe with out Samsung even having a chance to defend itself. How does this help innovation at all? Most of their patent claims are based on appearance not function. And they wield these not to get them changed, but always to block the import of products. At least Microsoft works with other companies.
This does nothing to help anyone. This is just a reason to block Samsung product. Everything they do is to make money. This is true for all companies but most companies at least seem to have some kind of line they do not cross. And the frustrating thing about it is they often get away with it.
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The problem I have with how some patents are used is to stifle improvement. If someone patents something, no one can take that thing and tweak it to make it better. Apple is trying to stop others from making rectangular devices. Well, I have a problem with that because if someone else makes a rectangular device that is better, I would like to use that better device.
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Short term they should be fine, however there is only so long they can keep churning out iPhones and iPads, the real test will be when they introduce their first post SJ new product. Jobs certainly knew how to stir the Kool-aid.
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Hidden due to low comment rating. Click here to see.
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Rehire steve wozniak as CEO to save company.
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I just hope there is no more of those ignorant Apple fanboys..oh who am I kidding, thats like hoping Steve Jobs starts using a blackberry instead of an iPhone :/
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Apple is dead, and so is Steve Jobs is 8 months. It’s only a matter of time before Apple turns into a Lemon
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I bet Apple is pissed they no longer have the thinnest, lightest CEO.
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Sorry to say folks, go short on Apple, stock will tumble soon.
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(Steve Jobs) what a legend that we’re all going to miss in the technology world.
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We are so screwed.
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Walk a mile in a mans shoes and live the life that should have been, but once you take a bite from the best Apple you ever had you will never bite another again. I thank you all for all your comments both positive and negative. Positive comments may stroke ones ego but negative comments spur change and imagination. I thank you all for your support and will continue to to build and live up the standards that we as a whole have made and developed together as a mass partnership around the world…. S Jobs
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How does being dead feel like? Did you make it to heaven? Here on earth, your iPhones are not doing so well. You know, battery problems, outdated look etc. Is it true that you’ll incarnate into one of the Chinese sweatshops making iPads?
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Apple is going to be fine in the short term. The iPhone 5 is going to sell better than any other smartphone before it, because the carrier exclusivity is over.
In the long term, who knows? There are always going to be people who just buy the “in” products, and Apple already has millions of loyal followers.
Theres no denying that Steve Jobs’ work redefined the mobile industry. The first iPhone did indeed “change everything”. Cook has been successful running things in the past, so I think that Apple will continue to be Apple, but I do hope that this patent war ends and they just continue to innovate.
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I hear Cook is an a*****e too. Should be interesting.
Here’s to you getting better Jobs. I may not agree with you on just about anything but I do respect and acknowledge your many contributions to the world of technology; a world I gleefully play in daily. Now piss off and get better so you can come back and continue to drive me nuts with that flippin’ turtleneck.
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honestly, i don’t care about what apple is gonna be like. I just want Steve to be ok. My heart goes out to him and his family. He must be pretty sick to actually resign as CEO from Apple.
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This is pathetic. We have a large population of Android fanboys on this site. Although Apple didn’t produce the best products or have the best values It’s incontestable that they did innovate and changed the tech world. They were great at marketing they sold a lot of devices and that’s what interested the other companies to compete and create their devices. Face it . Without Apple I doubt there would be many companies creating tablets or even dual core phones. This all came alive because every company wanted to create the iPhone/iPad killer. Really disappointed with this site, the android fanboys are no better than the Apple ones.
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It could have been the wealth that killed him. If he had been like me and not had the option to go for the transplant, drugs and surgeries, he may have investigated other means to reverse his cancer, his cachexia (muscle wasting) an rebuild his body from the inside out without destroying his immune system in the process. It is possible. I’ve seen it done and been doing it for my own husband, whom 15 esteemed doctors said, “Go home and die” because we didn’t have the funds to do it their way… thank God. He is now getting well and stronger by the day. Modern medicine is good for some things but it is a big killer, too. Problem is the doctors scare the average person into it. It’s all they know, it’s all the AMA will teach them. There is a host of options and THEY WORK!
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