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Steve Jobs resigns as CEO of Apple

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Darklord said:
Because he's the guy that made one of the biggest tech companies in the world what they are. It's pretty clear why it's a big deal.

And he's still on the board of directors. The stock price may have some limited volatility as a result but nothing fundamental is changing in the corporate governance. Consumers ultimately don't give a shit who the CEO of Apple is.
 
As someone with an active etrade acct, mentioning the stock price is in reeeally poor taste. Love or hate him, he made a company whose market cap glared over the Nasdaq like Sauron.
 
PsychoRaven said:
Sad to hear. I do agree that with Jobs gone Apple only has one way to go. I'd damn well be selling my Apple stock now too if I had any.
It's ok. I'm sure it'll be back to normal by October...
 
I hope his health hasn't taken a turn for the worse.

Although I fully expect a drop in share price, he's been on medical leave since January. I don't see a lot changing, and I'm sure he's got people he trusts in key positions at this point.
 
Murkas said:
Thanks for the replies. It's just the way everyone is replying has me picturing that Steve Jobs was so important that now that he's left, Apple are going to do something like this:

02---Homer_Blueprints-thumb-350x228.jpg
Basically what happened in the 90's. Its a different company now though so it would be less than prudent to assume the same will happen. However, there is a much greater chance that the company will stagnate now that he has left.
 
Apple may as well be called Steve Jobs, since he's such an influence. There is no doubt a lot of great talent there, but would Apple have been so successful without his persistence and bravery?

I hope he has trained his co-workers well enough to help them make the correct decisions for the company. There is no doubt that he will leave behind a treasure trove of advice and ideas for the company to dip into for the foreseeable future, should they need a hand.
 
codhand said:
As someone with an active etrade acct, mentioning the stock price is in reeeally poor taste. Love or hate him, he made a company whose market cap glared over the Nasdaq like Sauron.
He hasn't died, I don't see why it's in poor taste.
 
I hope Steve is OK and if not I hope he gets healthy. Tim will do a good job as CEO but Steve will always be the king of Apple Inc.
 
SolKane said:
And he's still on the board of directors. The stock price may have some limited volatility as a result but nothing fundamental is changing in the corporate governance. Consumers ultimately don't give a shit who the CEO of Apple is.

The board of directors have jack all to do with the operation of the company.
 
Always-honest said:
ehh.. you missed his point i think.

I guess. I took it as meaning why does he have to be in great health, maybe he just wants to retire. That picture clearly points another direction.
 
Castor Krieg said:
Consumers don't matter shit here, it's all about the investors. They clearly recognise how much Jobs was bringing to Apple.

Anyone who's investing in Apple at a serious level probably knew this was going to happen sooner rather than later.
 
PsychoRaven said:
Sad to hear. I do agree that with Jobs gone Apple only has one way to go. I'd damn well be selling my Apple stock now too if I had any.

That said though I do wish Steve the best and hopes he can beat this shit. Cancer sucks.

Up?

Because that's where it's going with the next iPhone. They still have the worldphone, the prepaid phone, rolling out to Sprint in the US, and the biggest phone company in the world in China is about to get the iPhone too.

If Apple stock goes down enough tomorrow, I'm buying.
 
I’m not a fan of his products, but I hope for the best for him regarding his health.

Should make for an interesting This is only a Test in any case.
 
Osiris said:
I find it hard to believe a man that watched his company almost burn to the ground the first time he departed it, who knew that the amount of time he had left with was limited, would not have made sure some preemptive countermeasures were put in place to make sure that the risk of the same happening again was minimised, hence "succession plan" - which I'd expect entails more than just naming a successor.

Not that Apple won't change, but I don't think their empire is going anywhere overnight, nor will Steve Jobs influence on the company.

I don't think the reaction here in this thread is related to any fear for the future of Apple's business, but rather the tremendous respect that people have for Steve Jobs' accomplishments as CEO of Apple.

It's hard to gauge where the company will be going in the next decade, and indeed whether Jobs in the last couple of years was holding the company back by concentrating on emotional competition rather than the creative business he has been known for. But he's an icon for this generation of consumers. His personal brand can be likened to The Beatles of Silicon Valley.
 
Wow I remember at the iCloud conference somebody here predicted that Apple beginning cloud computing was the finalisation of Jobs vision of the future and now that we've reached that point he may not be around much longer.

Whoever you were, you were 100% correct! Congrats! Crazy thing is it seemed crazy to even read the suggestion at the time...
 
TheExecutive said:
Basically what happened in the 90's. Its a different company now though so it would be less than prudent to assume the same will happen. However, there is a much greater chance that the company will stagnate now that he has left.
gates%20vs.%20ballmer.png


Replace Gates for Jobs and Ballmer for Cook :(
 
scorcho said:
Apple's stock price over the next year will be an interesting test case as to whether it was partially based on the cult of personality. i'm assuming that Jobs left a multi-year development track for the iPhone, iPad, and other existing and not-yet existing Apple products that'll be a smashing success. whether the stock price still maintains its ridiculous trajectory will say quite a bit.
Jobs left so much in place for Apple, I mean they even have Tim Cook and others teach people about Jobs and his values at the campus.
 
Pristine_Condition said:
Up?

Because that's where it's going with the next iPhone. They still have the worldphone, the prepaid phone, rolling out to Sprint in the US, and the biggest phone company in the world in China is about to get the iPhone too.

If Apple stock goes down enough tomorrow, I'm buying.
same.
 
1-D_FTW said:
I guess. I took it as meaning why does he have to be in great health, maybe he just wants to retire. That picture clearly points another direction.

I just meant OF COURSE IT'S HIS HEALTH. If he had zero health issues, I doubt they dude would ever step down.
 
LCfiner said:
Guys who are driven like Jobs don’t just pass the torch unless there’s a serious reason to leave.

Yeah, almost assuredly he is stepping down, because he doesnt have a choice. No way in hell Steve Jobs steps down for no reason. No way in hell.

SolKane said:
Consumers ultimately don't give a shit who the CEO of Apple is.

I think that if there was one company that a CEO of mattered, or that consumers were familiar with it is Jobs with Apple. Perhaps Bill and MS, but Jobs and Apple would be even above Bill. Jobs is very much an icon of the company in a way no other company out there can claim.
 
rezuth said:
Jobs left so much in place for Apple, I mean they even have Tim Cook and others teach people about Jobs and his values at the campus.

Sure he may have, but they will have a hard time making a new product line like the iPad. They will keep churning out iphone 9 and ipad 7s; but the main guy responsible for visionary stuff is gone.
 
Emily Chu said:
It lacks another thread saying Android continued growing to 52% of market share in smartphones sales this quarter in Apple's main market, or "Google buys Motorola just to avoid all the patent bullshit".
 
Jobs is obviously dying, as sad as that is. This makes me really sad actually. Less innovations potentially? Less brazen trend setting within Apple corporate culture?
 
jts said:
gates%20vs.%20ballmer.png


Replace Gates for Jobs and Ballmer for Cook :(

I don’t buy it. Ballmer isn’t the kind of guy who could even get a VP position at Apple.

He was all about protecting the old and not about embracing the new. that’s why MS has stagnated.


Apple will obviously be different without Jobs at the helm, but I don’t see them stumbling and failing to innovate for a decade straight.
 
SolKane said:
And he's still on the board of directors. The stock price may have some limited volatility as a result but nothing fundamental is changing in the corporate governance. Consumers ultimately don't give a shit who the CEO of Apple is.

It's DIFFERENT with Jobs. I know this isn't how it normal goes, but there's a reason the meme rightly or wrongly is out there that people call jobs "Jesus" or that people belong to the Cult of Apple. Again not saying it's right or wrong, but it's just different with Jobs. Jobs as a CEO MATTERS...
 
yellow submarine said:
Sure he may have, but they will have a hard time making a new product line like the iPad. They will keep churning out iphone 9 and ipad 7s; but the main guy responsible for visionary stuff is gone.
You know, even though Steve had final approve on pretty much everything there is A LOT of people behind him that are willing to work their hardest on new products. It's not like they will shut down their R&D department just because Jobs resignes.
 
Futureman said:
I just meant OF COURSE IT'S HIS HEALTH. If he had zero health issues, I doubt they dude would ever step down.
He was taking a 1 dollar salary for years since he was already a billionaire. It is obvious it is health related.
 
yellow submarine said:
Sure he may have, but they will have a hard time making a new product line like the iPad. They will keep churning out iphone 9 and ipad 7s; but the main guy responsible for visionary stuff is gone.

I believe Johnathan Ive may play a bigger role in the future. Obviously Steve's vision and decision making is legendary but Ive's has that creative streak that I believe aligns well with the way Steve's thinks.
 
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