“The thought of Apple Inc. without Chief Executive Steve Jobs spooks many investors, but his absence might not spell long-term disaster for the innovation machine behind the iPod and iPhone,” Scott Hillis reports for Reuters.
“As valuable as Jobs is, respect for the executive team he has assembled runs high, and Apple could quickly bounce back if Jobs were to leave for whatever reason,” Hillis reports.
“Chief Operating Officer Tim Cook, whose laconic Southern style distinguishes him from the intense Jobs, has won praise from analysts for his firm grasp of day-to-day operations, and is thought to be a likely successor,” Hillis reports. “Jobs may be the public face of products like the iPod, but it is Apple’s top-flight design team led by Jonathan Ives that is responsible for the iconic shapes of the company’s computers and gadgets.”
“‘Steve clearly is the voice of the company, but it would be a big mistake to state that he’s the only one driving the vision of Apple,’ said Tim Bajarin, head of Creative Strategies,” Hillis reports. “‘While Steve is still by far the most important person in the company, he has created a team of people who understand his vision for today and tomorrow and are fully capable of executing on that for three to five years,’ Bajarin said.”
Hillis reports, “Jobs himself has sought to downplay concerns. ‘Some people say, ‘Oh God, if (Jobs) got run over by a bus, Apple would be in trouble.’ And you know, I think it wouldn’t be a party, but there are really capable people at Apple,’ Jobs told Fortune magazine earlier this year.”
More in the full article here.
[Thanks to MacDailyNews Reader “MacVicta” for the heads up.]
MacDailyNews Take: Common sense. But, try telling it to investors if Jobs ever did get run over by a bus. It’s not difficult to predict initial panic selling followed by the dawning realization that yes, even without Steve Jobs, Apple can continue to be successful. We presume that smart investors would take advantage of the panic, if God forbid, anything ever happened besides a nice planned transition to a post-Jobs Apple.