“Apple doesn’t need Steve Jobs, an analyst argued Monday,” Gregg Keizer reports for Computerworld. “Early on Friday, Apple shares slid below $100 for the first time since May 2007 after a false report circulated that Apple’s 53-year-old CEO had suffered a major heart attack. The report, posted on iReport.com, a ‘citizen journalist’ Web site operated by CNN, was quickly denied by Apple, but not before the share price had slid nearly 11%.”
Keizer reports, “The panic was unwarranted, said Ezra Gottheil, an analyst with Technology Business Research Inc. ‘Apple doesn’t need Jobs anymore,’ Gottheil said. ‘He’s established three sound businesses — Mac, iPod and the iPhone — and the company knows how to execute his fanatical devotion to design and usability. There’s a stable management team in place, and they know what they’re doing.'”
Keizer reports, “Investors have been nervous about Jobs’ health since last June, when he appeared gaunt at Apple’s Worldwide Developers Conference… They shouldn’t be so worried, said Gottheil. ‘Without Jobs, Apple would have to pay a lot more to get the world’s attention,’ he said, referring to the CEO’s knack for promoting his company’s products. ‘But he’s got a company and a brand and an organization and a strategy in place. There’s no reason to think that those things can’t be carried forward without him.'”
Keizer reports, “If Jobs stepped down, Tim Cook, currently chief operating officer, would run the company, Gottheil said. Cook ran Apple while Jobs out in 2004 after his cancer surgery. Jonathan Ive, Apple’s senior vice president for industrial design, would pick up the reins on product design.”
More in the full article here.
Good Point. Apple will do well after Steve decides to go sip drinks with small umbrellas.
Disagree; Apple is Steve Jobs, and Steve Jobs is Apple.
Apple will need a new front man with the same passion for Apple as Steve, good luck with that.
Apple doesn’t need Jobs anymore,’ Gottheil said. ‘He’s established three sound businesses — Mac, iPod and the iPhone — and the company knows how to execute his fanatical devotion to design and usability. There’s a stable management team in place, and they know what they’re doing.
DUH!! That just keeps the status quo!
Mac, iPod and iPhone, if Steve Jobs goes MIA, then that’s all we will have.
Nothing new to keep ahead of the pack.
By the way this 20 plus year Mac only veteran has now warmed himself to XP and Vista.
“Bootcamp” and the Intel processors saw to that. Now I wonder how many other Macheads are doing the same thing?
But at least I can run all three OS’s at once, unlike a PC.
Apple is dying. It needs to innovate more. The iPhone is just a toy, not a tool, plus it’s very costly per month. The iPod is only good for music, if you have a lot and willing to work leveling the volume, making playlists and such. But it gets old and expensive really fast.
Apple needs a new cheap indispensible tool and fast!! Something that people will buy EVEN IN A DEMOCRAT CAUSED DEPRESSION!!.
Facts!
1: Clinton revised the Community Reinvestment Act to force banks to accept sub-prime mortgages.
2: Democrats blocked attempts by the Bush Admin to fix Frannie Mae and Freddie Mac, who “open checkbook” policy towards sub-primes caused this huge problem in the first place. Also S190, signed on by McCain was also blocked by the Dems to fix the housing crisses BEFORE IT BECAME THE PROBLEM IT IS NOW!!
3: Democrats: Hillary received $75,000+, Obama $125,000+ and Senator Dodd (Senate Banking Committe) over $165,000 in PAC money from Freddie and Fannie. Also “Friends of Angelo” Dems received discount mortgages from Countrywide.
4: Democrat Harry Reed tacked on addtionnal $110 Billion of your dollars OF PORK to the $700 Billion rescue package for the banks stuck with the Mortgage Backed Securites forced to take by the Clinton revision to the Community Reinvestment Act (see #1 above)
Folks, if just one company went under, then one can blame the CEO. But look how many institutions, some in existance for over 100 years, just died.
Only a inept government can do this. Two parties always playing partisan politics. One socialist, where the inept government controls everything, the other capitalistic, where free markets and corporations struggle to survive.
The consumer wins with capitalism, jobs and new products, like iPhones and iPods.
Just think how awful it is having medicore Microsoft control the PC world. That’s how the government is.
No life, no fun. No innovation.
Vote Republican, get jobs and cheap energy going again.
Or vote Dems and get high energy and puny electric cars and no jobs because they will tax businesses out of business.
You choose America. Hero or Zero.
The share price is now BELOW what analysts predicted it would drop to if Steve had left Apple, yet Steve is still here. Apple would not be the same without Steve, but it will now definitely survive.
Here’s to Steve’s good health!
Nothing like a thread jacking.
Good try with mixing apple and politics, but please keep this an Apple discussion.
“Raving MacHead” really is raving here. And like any other lunatic, he’s just as easy to ignore.
@Raving MacHead
Do you REALLY believe that anyone actually read your entire post? And if so, do you think that anyone’s opinion actually changed based thereon? Mental masturbation may be pleasing for the party involved, RM, but for no one else. No one. Keep your right hand to yourself next time and let the rest of us enjoy the topic, OK?
@Raving MacHead,
A pain in the ?? searching for a ??.
” width=”19″ height=”19″ alt=”grin” style=”border:0;” /> And “raving” is so correct a description. — ITS their > < V ^ fault.
Just a thought.
en
@Raving Machead
I see you got the same right wing e-mail forward I got a few days ago. You know, if you don’t like any of Apple’s current products (which makes me question your sanity) and you’re “warming up” to XP and Vista, I suggest perhaps you begin to frequent this blog instead: http://www.winsupersite.com
Like you, it’s full of bullshit.
Another brilliant piece penned by an ‘analyst’
There’s change ahead.
The $ 122 million in stock grants to apple’s top level execs implies that Steve Jobs will step down as CEO within the next six months. He will then run the company as president of the board. The stock grants should make sure the team stays onboard.
@Raving Machead
Vote Republican to have four more years of pain and frustration?
@Raving MacHead: Amazing some people just don’t get a clue… no one cares about what you have to say. You’re pathetic. Go away.
Wait, iPhone is a toy, iPod is old and expensive, but the consumer wins with new products like the… wait for it…iPhone and iPod.
Forget the politics (in this forum), that just makes no sense. Enjoy your XP and Vista.
I will translate this ‘analyst speak’ for you: I’m in at 150 on apple and I’ve lost 1/3 of my wealth. Please buy shares so it will go back up again.
This analyst is dead on. Steve has clearly articulated his vision and strategy for quality and media convergence, and this resonates throughout Apple. Too little credit is given the Apple staff, like Jonathan Ives and all. The vision was not clear and solidified, nor was the strategy wildly successful at gaining marketshare when Sculley took over apple and screwed it up with the before its time Newton. With such a clear vision and strategy now, this would not happen again.
@ Raving MacHead:
The iPhone is a TOY??? It’s the world’s first true palm-sized computer with a real, desktop OS running it – it that’s not innovation, I don’t know what is.
Expensive each month? Apparently you don’t have a mobile phone that you want to use much each month. If you don’t like the monthly service plans, buy an iPod touch, which will let you do almost everything an iPhone does without the monthly bills.
A little sanity, and from Computerworld no less. As a stockholder, I concur.
Looking for a leader with the same passion for Apple as Steve will be a lot easier than everyone thinks. There are millions of people on this planet with a passion for all things Apple. Then there are all those living on Steve’s home planet.
Seriously though, there are thousands of Mac users with leadership abilities. Hundreds who could run a good sized company. Many of those people already work for Apple now or worked for Apple in the past. The tradition of research, innovation, good design, excellent user interface and value for each consumer dollar is already in place. One man retiring to an island in the South Pacific is not going to change that.
Those in charge will simply look at the ‘What Would Steve Do’ banner in their office, man or woman up, and get on with their jobs.
Apple without Steve Jobs would definitely be like a ship without a rudder. What makes Apple great is not just brilliant execution—it’s knowing what to make next.
Apple Inc. is a success because of the large group of hard working individuals who are dedicated to giving you, the consumer the best product out on the market. It is wonderful to have such a loyal base of Apple fans, who believe in the company and have had a loyal following for Apple Inc. Thanks!
@raving machead,
politics is really not a concern for this forum, things go up and things go down. The only thing that has caused this economy is progress. You have to crack some eggs to make an omelette. And folks, it really doesn’t matter who you vote for in November. That person is going to face the same challenges as every other president before them. They also have the unfortunate disadvantage of having idiots like Raving Machead who instead of doing something about the problem, they complain about how they feel someone else caused it, and how the other person isn’t fixing it.
You sir/maam, have a responsibility to your country to help prevent the now apparent problem. Just because you were able to get a home loan, doesn’t mean you could afford it. That, and most of you didn’t even read the contract you were signing, morons.
Just because something is permissable, doesn’t make it beneficial to anyone, including me, since it’s my tax dollars that are now being used in a futile attempt to bail out this economy.
Instead of voting in November, do me and all Americans a favor, go get a second, or third job and help yourself out, your immediate family, and then see what positive things you can do for your community at large.
And shut the fuck up about politics, they don’t matter, the government runs the way it runs. Don’t talk about it, vote how you are going to vote, and then when your president elect botches something you can blame someone else, like you all always do.
I am using my reserved right not to vote, and making sure that I doin’t bitch about the outcome of the next president’s term.
“Vote for none of the above.”
Pryor was great.
Oh yeah, almost forgot…..Morons, you know who you are. In case you don’t though, hears how to tell.
If you got angry at this post, you are a moron.
If you laughed and are going over your resume now, you are not.
Feel free to email me at uandme1019@gmail.com
Get A BRAIN! MORANS
Go USA!