“These are just some of the views being expressed in Silicon Valley about the Apple co-founder following the news he is taking a medical leave of absence from the company,” Shiels reports.
“Mike Arrington [TechCrunch editor] said, ‘He has single-handedly brought the US back into the mobile ball game with the iPhone. Until then it was all about Europe and Asia. He also broke the back of the music industry with iTunes. Those are two big legacies to leave behind, so I really believe he is a national treasure,’” Shiels reports.
Shiels reports, “Van Baker who is a principal analyst with Gartner and covers Apple for the industry said ‘The hit the stock price has taken was inevitable because he is the public persona of Apple and, largely wrongly, most people think as goes Steve so goes Apple. In truth it’s not going to have an impact on Apple in running their business. They will do just fine. Tim Cook, who is taking over, is a very capable guy. He’s not the personality Steve is, but he is very competent and Apple will do just fine.’”
MacDailyNews Note: Not really much of a prolonged “hit” as AAPL dropped 10% immediately due to general idiocy, but recovered; ending up closing down just $1.95, or -2.29%, yesterday. In pre-market trading today, AAPL is up $0.73, or +0.88%, currently.
Shiels continues, “Now with his second medical leave of absence , the question as to whether or not Mr Jobs will return takes on even more weight. ‘That is the real question,’ suggested Mr Arrington. ‘When a CEO steps down for health reasons, chances are they are not coming back. However he did come back after his bout with pancreatic cancer in 2004 so there is no reason to think he won’t depending on how serous his health problems are.’”
Shiels reports, “Charles Wolf an analyst at Needham & Company who follows Apple said ‘It is reasonable to expect, given the history of Steve’s illness, that the market is probably going to assume that he is not going to return to Apple.’”
Full article here.
MacDailyNews Take: So, is that it? After years of rumors and health scares, real and imagined, was the idea of a “post-Steve Jobs” Apple already priced into AAPL shares?
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