Steve Jobs steps down as CEO of Apple
Old 08-24-2011, 09:39 PM   #1 (permalink)
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The end of an era came Wednesday evening when Steve Jobs stepped down as CEO of Apple. Forbes Brian Caulfield has the story here, which includes the naming of Tim Cook, who has filled in for Jobs twice during medical-related leaves of absence including the current one, as CEO.

Jobs expressed his desire to remain as chairman of Apple’s board, a request his fellow directors will almost certainly honor. On Thursday the market reaction to the news, and the response from the Apple bulls, who have sent shares of the iPod, iPhone and iPad-maker on a dizzying run over the last several years, will be interesting to watch.

After-hours, following a halt on the news, shares of Apple dropped 5%, or $20.18, to $356.
Steve Jobs Steps Down, Apple Shares Drop 5% After-Hours - Forbes
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Old 08-24-2011, 09:58 PM   #2 (permalink)
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isn't he dying?
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Old 08-25-2011, 01:39 AM   #3 (permalink)
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isn't he dying?
aren't we all
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Old 08-25-2011, 06:52 AM   #4 (permalink)
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well maybe they can start making affordable products now. Apple really needs to look around, they should be dominating, not hangin' around at 4th or 5th.
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Old 08-25-2011, 07:49 AM   #5 (permalink)
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aren't we all
I was waiting for someone to say that. Lol

But I believe he has cancer, must have something to do with him stepping down.
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Old 08-25-2011, 10:59 AM   #6 (permalink)
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I was waiting for someone to say that. Lol

But I believe he has cancer, must have something to do with him stepping down.
pretty sure he's been battling pancreatic Cancer for a couple of years now...Apple stock is in for a rough ride the next few months
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Old 08-25-2011, 03:26 PM   #7 (permalink)
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About time... the guy is going to kill himself overworking. He should've taken a more indirect consulting role like 6 years ago.

He's been sick numerous times and has had serious operations. Time for someone younger to take the reigns.

At least the shareholders aren't taking a beating on this news. AAPL is only down 1% in the last 5 trading days (although S&P is up ~3.5% in the same time).
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Old 08-25-2011, 03:31 PM   #8 (permalink)
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Is he in charge of marketing?

because really, thats the real genius in a company that isn't really any better than any of its competitors.

Dude did a lot though...kudos to him.
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Old 08-25-2011, 03:54 PM   #9 (permalink)
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pretty sure he's been battling pancreatic Cancer for a couple of years now...Apple stock is in for a rough ride the next few months
mehh, they'll be fine. they own 74% of the market share when it comes to tablets, they own 35%of all smart phone sales and the iphone 5 is coming out in a couple months. the stocks will go down a bit at first, but they'll continue to make a killing.
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Old 08-25-2011, 06:05 PM   #10 (permalink)
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Apple stock is in for a rough ride the next few months
You can test that hypothesis in the markets.

I disagree with the pessimism considering that the premiums on AAPL options aren't that expensive for a 1.3 beta tech stock.
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Old 08-25-2011, 09:54 PM   #11 (permalink)
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I hate apple so who cares . Sorry I felt inclined to say that.
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Old 08-25-2011, 10:21 PM   #12 (permalink)
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Is he in charge of marketing?

because really, thats the real genius in a company that isn't really any better than any of its competitors.

Dude did a lot though...kudos to him.
Every company that does well has great marketing.....that's why they do well.

The big thing is he's usually the first to the market with a new product and sets the standard.
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Old 08-25-2011, 10:46 PM   #13 (permalink)
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Originally Posted by Superjudge View Post
Is he in charge of marketing?

because really, thats the real genius in a company that isn't really any better than any of its competitors.

Dude did a lot though...kudos to him.
He's a genius salesman. He'll get up in front of a crowd of techies and sell 4-5 year old technology with a couple tweaks and pass it off as new and revolutionary, while having everyone in the crowd kiss his feet and praise him as the messiah. That in and of itself is marketing.

And like claudius mentioned, apple consistently exercises the first-mover advantage in the market. That's huge in the tech business. It's why blackberry is now in the shitter.
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Old 08-25-2011, 11:09 PM   #14 (permalink)
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I think more important than anything is the attention paid to design. A fair bit of that tied into Jobs' vision. It wasn't there when he got pushed out. Technology can be magical, but unless you make the magic stand out, it can feel pretty banal. He has a good intuitive sense on how to incorporate the magic touches in design, and then he sells the magic like crazy. It'll be interesting to see how much of that carries on 5 years from now.
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