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Steve Jobs resigns as CEO of Apple

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Watch them shares drop.
 
wenis said:
I was gunna say something, but yeah...so many white guys...so. many.
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Give it time. It took a few years for them to offer the iPod in black too.
 
BocoDragon said:
It was nicely sandwiched between two major announcements: iCloud/Lion/iOS5 and iPhone 5. They're cushions designed to hide Job's resignation amongst too much good Apple news. I think this has definitely been planned all year. He didn't just wake up feeling extra sick this morning...

1.5 months before iPhone 5 release? It's too perfect.
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Yeah, I figured something big was coming when 10.7 was named Lion. If the next OS is going to be a merge with iOS and it goes well, Tim will get some credit and confidence from shareholders.

But if this -was- planned far in advance, I wanna know how they kept it secret.
 
Wait. AL GORE is on the board of directors at Apple? I don't know why but I find that really fascinating.
 
B!TCH said:
Wait. AL GORE is on the board of directors at Apple? I don't know why but I find that really fascinating.
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Yeah, they scooped him up quickly after he invented the internet.
 
Pretty tragic on a personal level for him. I can't imagine he'd resign unless he knew his time was limited now. Sad.
 
https://plus.google.com/107117483540235115863/posts/gcSStkKxXTw
Vic Gundotra said:
Icon Ambulance

One Sunday morning, January 6th, 2008 I was attending religious services when my cell phone vibrated. As discreetly as possible, I checked the phone and noticed that my phone said "Caller ID unknown". I choose to ignore.

After services, as I was walking to my car with my family, I checked my cell phone messages. The message left was from Steve Jobs. "Vic, can you call me at home? I have something urgent to discuss" it said.

Before I even reached my car, I called Steve Jobs back. I was responsible for all mobile applications at Google, and in that role, had regular dealings with Steve. It was one of the perks of the job.

"Hey Steve - this is Vic", I said. "I'm sorry I didn't answer your call earlier. I was in religious services, and the caller ID said unknown, so I didn't pick up".

Steve laughed. He said, "Vic, unless the Caller ID said 'GOD', you should never pick up during services".

I laughed nervously. After all, while it was customary for Steve to call during the week upset about something, it was unusual for him to call me on Sunday and ask me to call his home. I wondered what was so important?

"So Vic, we have an urgent issue, one that I need addressed right away. I've already assigned someone from my team to help you, and I hope you can fix this tomorrow" said Steve.

"I've been looking at the Google logo on the iPhone and I'm not happy with the icon. The second O in Google doesn't have the right yellow gradient. It's just wrong and I'm going to have Greg fix it tomorrow. Is that okay with you?"

Of course this was okay with me. A few minutes later on that Sunday I received an email from Steve with the subject "Icon Ambulance". The email directed me to work with Greg Christie to fix the icon.

Since I was 11 years old and fell in love with an Apple II, I have dozens of stories to tell about Apple products. They have been a part of my life for decades. Even when I worked for 15 years for Bill Gates at Microsoft, I had a huge admiration for Steve and what Apple had produced.

But in the end, when I think about leadership, passion and attention to detail, I think back to the call I received from Steve Jobs on a Sunday morning in January. It was a lesson I'll never forget. CEOs should care about details. Even shades of yellow. On a Sunday.

To one of the greatest leaders I've ever met, my prayers and hopes are with you Steve.

-Vic
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Patrick Bateman said:
How can stoke buyers be so dense?
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...?

This is really sad news though, feel for Steve Jobs. I do hope this new guy can make the company somewhat more likeable though, but sadly that probably won't happen.

/begrudgingly an owner of an iPhone 4 and Macbook ;_;
 
Gaaraz said:
...?

This is really sad news though, feel for Steve Jobs. I do hope this new guy can make the company somewhat more likeable though, but sadly that probably won't happen.

/begrudgingly an owner of an iPhone 4 and Macbook ;_;
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When you read about Jobs declining health or that he might resign as Apple's CEO, the first question is always "WHAT WILL THE STOKE BUYERS THINK OF THAT??"

Seriously, fuck them.
 
Patrick Bateman said:
When you read about Jobs declining health or that he might resign as Apple's CEO, the first question is always "WHAT WILL THE STOKE BUYERS THINK OF THAT??"

Seriously, fuck them.
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I think he was confused because you said stoke.

It's stock.
 
Patrick Bateman said:
When you read about Jobs declining health or that he might resign as Apple's CEO, the first question is always "WHAT WILL THE STOKE BUYERS THINK OF THAT??"

Seriously, fuck them.
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God forbid people putting money (or having the power to put money) could base their purchase on how the company is performing or how they think it'll perform
 
Patrick Bateman said:
When you read about Jobs declining health or that he might resign as Apple's CEO, the first question is always "WHAT WILL THE STOKE BUYERS THINK OF THAT??"

Seriously, fuck them.
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There's a lot of money to be had from Apple and Steve Jobs is an integral part of the company, obviously the business world is going to be obsessing over how the stock market will react to any change in his ability to lead the company.
 
If he has to fight off cancer again, then it is time to really stop doing the "head of a multimilliard dollar company" stuff because he needs balance, relaxation and a clear mind every day. And that + apple CEO is NOT harmony,balance and a relaxing environment.

Fuck greedy stockholders if they react badly btw.
 
Apple is here to stay. Stock value might go down but Apple will keep on rocking and expanding even without Jobs. Oh, and Samsung's stocks are gonna sky rocket today.
 
V_Arnold said:
If he has to fight off cancer again, then it is time to really stop doing the "head of a multimilliard dollar company" stuff because he needs balance, relaxation and a clear mind every day. And that + apple CEO is NOT harmony,balance and a relaxing environment.

Fuck greedy stockholders if they react badly btw.
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How do you expect them to react? They're stockholders, not philantropic goodwilled people.

All they care if their stock in apple gives them money.
 
Hope his health allows him to enjoy the rest of his life how he sees fit.

As for Apple however, I think it's going to be interesting over the next few years. Sure the iPhone 5 and iPad 3 will be successful but once the competition catches up to the tablet market, they will eventually need another successful product line to keep them ahead of the curve. Steve Jobs was the visionary of that entire company and made the iPod, iPhone and iPad that built the current "House of Apple." Some pretty big shoes to fill.
 
V_Arnold said:
Fuck greedy stockholders if they react badly btw.
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When you're investing with your livelihood on the line you get to react how you like, greed doesn't really come into it.
 
V_Arnold said:
Fuck greedy stockholders if they react badly btw.
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If you have a problem with it, you and your hippy friends can go to your bank, if you have one, and invest the money you (or your parent, although I'd like to see that) worked for in Apple.
There's so many Apple fans that surely Apple's stock will rise this way.
 
Roche178 said:
When you're investing with your livelihood on the line you get to react how you like, greed doesn't really come into it.
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Greed does, btw, as that was why they invested in the first place, but anyway, it is not just about greed, but it is about dumbness also. Steve Jobs is the face of apple, but all the hardworking talented people behind him are still there and they continue to be there.

This civilization is setting up its own downfall when they just WANT to react badly to situations like that. Just think about this for a minute. You invested in Apple because of its CEO who is KNOWN to have had serious fights regarding his health and will most likely not become healthier forever. So really people were basing on their investments on ONE person's well being? That is just plain DUMBNESS, and there is no two ways around it.
 
V_Arnold said:
Greed does, btw, as that was why they invested in the first place, but anyway, it is not just about greed, but it is about dumbness also. Steve Jobs is the face of apple, but all the hardworking talented people behind him are still there and they continue to be there.

This civilization is setting up its own downfall when they just WANT to react badly to situations like that. Just think about this for a minute. You invested in Apple because of its CEO who is KNOWN to have had serious fights regarding his health and will most likely not become healthier forever. So really people were basing on their investments on ONE person's well being? That is just plain DUMBNESS, and there is no two ways around it.
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You can't have it both way either, Apple spent an ungodly amount of time to push SJ as the face of the company, that means for good or ill he's the face of the freaking company.
If he turns ugly then the company's face turns ugly.
That's how it is, next time don't push some guy with a crippling disease as the face of your company.
 
Mael said:
You can't have it both way either, Apple spent an ungodly amount of time to push SJ as the face of the company, that means for good or ill he's the face of the freaking company.
If he turns ugly then the company's face turns ugly.
That's how it is, next time don't push some guy with a crippling disease as the face of your company.
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..or before actually investing, one can consider the "worst case scenarios" regarding the company they are gonna be investing in. Like a product failing to get enough sales or losing its current marketshare to a new competitor. I think both of these SHOULD rank higher in "risks" in the eye of an intelligent person than anything happening to a CEO*

*note: if product lines start failing majorly, it is not only that but it would have most likely taken a CEO or two aswell. But if it is just that...why panic? Yeah.
 
Short term there shouldn't be a need to worry. Apple will be fine. It will be telling in the long-term though what happens -- even a year or two from now.
 
V_Arnold said:
..or before actually investing, one can consider the "worst case scenarios" regarding the company they are gonna be investing in. Like a product failing to get enough sales or losing its current marketshare to a new competitor. I think both of these SHOULD rank higher in "risks" in the eye of an intelligent person than anything happening to a CEO*

*note: if product lines start failing majorly, it is not only that but it would have most likely taken a CEO or two aswell. But if it is just that...why panic? Yeah.
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Depends if they're here for the long run or not, most of the time investors don't have time to know the company THAT well either, so they see something not going well and they react.
Oh and Nintendo's stock reach the lowest since 2003 because management try to run the company into the ground.
If the next iPhone fails in the market we'll see if the stock plunge deeper than now.
And they had it coming anyway since they marketed their company as SJ's playground, meaning that without SJ we'd have had no ipod, no ipad, no new macs.
So they see that if he steps down, Apple will no longer be so attractive.
They had it coming really.
 
V_Arnold said:
Greed does, btw, as that was why they invested in the first place, but anyway, it is not just about greed, but it is about dumbness also. Steve Jobs is the face of apple, but all the hardworking talented people behind him are still there and they continue to be there.

This civilization is setting up its own downfall when they just WANT to react badly to situations like that. Just think about this for a minute. You invested in Apple because of its CEO who is KNOWN to have had serious fights regarding his health and will most likely not become healthier forever. So really people were basing on their investments on ONE person's well being? That is just plain DUMBNESS, and there is no two ways around it.
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You might call it "DUMBNESS" but Jobs holds a whole lot of sway with the public; he's is seen to be the vision of the company and the man responsible for it's success. A dip in apple stocks is to be expected when such an influential figure is taken out of the equation, it probably won't be a permanent thing though and people having a "bad reaction" to it is just people trying to keep their money safe.

I think you underestimate the impact Jobs has on Apple's future success, up to now he has set the creative direction for the company and put those hardworking talented people on the right path, one wrong move by Apple leadership could have huge consequences for the company.

Also claiming that this is just a reaction due to greed is ignorant, there are many businessmen who the stock market and earn their money through it.
 
Mael said:
Depends if they're here for the long run or not, most of the time investors don't have time to know the company THAT well either, so they see something not going well and they react.
Oh and Nintendo's stock reach the lowest since 2003 because management try to run the company into the ground.
If the next iPhone fails in the market we'll see if the stock plunge deeper than now.
And they had it coming anyway since they marketed their company as SJ's playground, meaning that without SJ we'd have had no ipod, no ipad, no new macs.
So they see that if he steps down, Apple will no longer be so attractive.
They had it coming really.
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LOL. They don't market it as such at all. What commercials are you watching?
 
What do you think the short term reaction will be for the stock price? Down 10%? I think people are still reeling from the news. It'll probably get a nice boost with the iPhone 5 announcement, but I don't think it will recover to what it was yesterday before Steve's announcement.
 
numble said:
Earnings calls headed by Tim Cook and Peter Oppenheimer?
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Which means jackshit against more than 10 years of having SJ presenting the next line of products every year and the ecosystem with it?
Seriously do you really think that the market is following Apple's every move THAT closely?
 
spats said:
Apple's reign of terror is finally over. Thank god.
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You can tell some prefer the cold touch of MSFT to Apple's...
which is kinda dumb when you think about it since MSFT is very rarely successful when their customers are not business anyway (and they're generally happy with MSFT).
 
Looking at CNN, you'd think the fucking guy has died with the way people are carrying on. I can't imagine what the obituary is going to be like.

He's still an Apple employee and will have influence. You think when he speaks, people are going to go, "Uh, sorry Jobs. You ain't CEO anymore." Not going to happen.
 
Eggo said:
What do you think the short term reaction will be for the stock price? Down 10%? I think people are still reeling from the news. It'll probably get a nice boost with the iPhone 5 announcement, but I don't think it will recover to what it was yesterday before Steve's announcement.
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There won't be iPhone 5 earnings announced until Q4 2011. If the iPhone 4 can hit over 20 million 15 months in (last quarter), I think the iPhone 5 can do pretty well by adding Sprint and China Mobile and China Telecom. Especially since there are rumors that a prepaid model will be introduced. I also think the iPad will have a strong holiday quarter. Strong earnings cure investor worries.
 
Mael said:
You can tell some prefer the cold touch of MSFT to Apple's...
which is kinda dumb when you think about it since MSFT is very rarely successful when their customers are not business anyway (and they're generally happy with MSFT).
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You're completely off and I was being sarcastic.

I bought an iPad for my mom's 60th birthday not too long ago.
 
spats said:
You're completely off and I was being sarcastic.

I bought an iPad for my mom's 60th birthday not too long ago.
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Good for your mom, not that I care, my comment wasn't exactly meant for you anyway (some people on the web really post stuff like that and mean it).

numble said:
There won't be iPhone 5 earnings announced until Q4 2011. If the iPhone 4 can hit over 20 million 15 months in (last quarter), I think the iPhone 5 can do pretty well by adding Sprint and China Mobile and China Telecom. Especially since there are rumors that a prepaid model will be introduced. I also think the iPad will have a strong holiday quarter. Strong earnings cure investor worries.
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Foregone conclusion unless there's a major snafu in beeween, then we'll see if they manage to stay the course or not (my money is on yes, seriously they would have failed earlier if SJ was such a big factor).
 
Mael said:
Which means jackshit against more than 10 years of having SJ presenting the next line of products every year and the ecosystem with it?
Seriously do you really think that the market is following Apple's every move THAT closely?
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Take a look at stock performance after earnings calls. And then compare it to stock performance after Apple keynotes. The stock jumped about 40 points after the last earnings report, for instance. To say that investors don't pay attention to earnings is the silliest statement I've ever heard.
 
numble said:
Take a look at stock performance after earnings calls. And then compare it to stock performance after Apple keynotes. The stock jumped about 40 points after the last earnings report, for instance. To say that investors don't pay attention to earnings is the silliest statement I've ever heard.
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And another reason why I should read better what is posted, I blanked out the earning part....
Yeah foregone conlusion that earning reports are read and all that (seriously if you don't and invest you're a moron...).
Still they appear more like the suits behind Jobs doing the accounting for the toy factory :p.
 
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