Steve Jobs worth $20 billion to Apple Inc.

“Apple Inc. may find its most valuable asset is something it can’t protect through patents or secrecy: Chief Executive Officer Steve Jobs,” Connie Guglielmo reports for Bloomberg.

Guglielmo reports, “If Jobs were to leave, shares of the Cupertino, California- based company might drop 25 percent or more, analysts say. That would erase about $20 billion in Apple’s market value. ‘It would be a disaster,’ said Gene Munster, an analyst with Piper Jaffray & Cos. in Minneapolis, who’s had an ‘outperform’ rating on Apple’s shares since June 2004. ‘He would be almost impossible to replace.'”

“The computer maker’s dependence on its CEO was illustrated the last week of December, when the stock dropped as much as 5.8 percent after The Recorder, a San Francisco-based legal publication, reported Apple had faked documents to backdate stock options,” Guglielmo reports. “On Dec. 29, the company said its own investigation, led by Apple director and former U.S. Vice President Al Gore, cleared Jobs of any wrongdoing. That eased concern Jobs may have to step down and sent the shares up 4.9 percent.”

Full article here.

[Thanks to MacDailyNews Reader “Gandalf” for the heads up.]

Related articles:
Could Apple thrive without Steve Jobs? – January 04, 2007
Analyst: U.S. Gov’t unlikely to ‘nail Apple and Steve Jobs’ – December 28, 2006
What would Apple be worth without Steve Jobs? – December 27, 2006
Piper Jaffray: Steve Jobs not at risk in stock options case – December 27, 2006
What happens when Steve Jobs dies? – August 20, 2003


  1. Not even close philbaby… the Beckham deal was closed for 250 Million over a five-year period.

    Granted, his presence could be a financial boon for the team but I seriously doubt his economic impact over five years for LA will amount to more than a couple of billion, if that.

  2. When all is said and done, it is estimated Beckham will rake in 25 million a year. 10 million dollar salary, plus another 15 mil from jersey and ticket sales.

    Michelle Wie, the 17-year-old golfer on the LPGA, never having won a professional tournament racks in $20 million each year just for showing up!

  3. What? What? and What?!

    Listen, if Martha can run a multi-billion dollar corp. from prison, so can Steve. Martha committed a bona-fida white collar crime, no gray area there – it was insider trading period. She came back, her company is in decent shape, etc. etc.

    If Steve has to pay a fine, or even serve some time, it will still be up to him to continue to run Apple – give me a big break. These little snippets really hum of making sure that Apple does not succees – at all cost.

  4. G4Dualie, have you factored in the boon in revenue that US hair salons and barbers will receive due to the great unwashed having to have the latest Beckham haircut? In the last 10 years the British and, more recently, Spanish economies have been growing at a rate of between 1.7-2.9% y/y on such coiffeur craziness. In fact it’s what is keeping recession from our shores.

  5. Beckham is washed up. It will be interesting for a year assuming he doesn’t get sildelined with injuries (and that is a big assumption). Then, like Pele before him, Americans will continue to watch hockey, football, basketball, baseball and bay watch and ignore that sport the rest of the world rates ans number 1.

    Beckham with then either retire and become a hollywood actor, or the govenor of California.

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