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?