Beginning of the end for Apple?
http://money.cnn.com/2011/08/24/technology/steve_jobs_resigns/index.htm?cnn=yes&hpt=hp_t1
http://money.cnn.com/2011/08/24/technology/steve_jobs_resigns/index.htm?cnn=yes&hpt=hp_t1
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Gasp! Steve Job's resigns.
- Thread starter SunnY S
- Start date
Let's face it, steve was the innovator that moved apple from garbage to the clouds. Whether it stays there will only be told by the future. Needless to say he left apple in the best shape that it could ever be with HUGE cash holdings lying around. Future will be interesting. I do expect the apple stock to dive a bit because of this news.
I don't think is that big of a deal for Apple for the short term. Tim Cook has already been groomed by Jobs for this, and he's already played CEO a couple times before. It could put a small dent in the company's stock I suppose.
It's not good for Jobs himself, though, as this is a sign that his health has not improved.
It's not good for Jobs himself, though, as this is a sign that his health has not improved.
OpenGambit
Banned
agreed, Will see a short term drop in stock prices but longer term. nothing to really worry about. They are still very healthy by all standards.
Watch Apple stocks plummet 15 to 20% tomorrow in response to Jobs' departure. I doubt it will be the end of Apple though. Apple will just become a bit more like Microsoft, more conservative in approach and new products.
Jobs was a visionary but he had a few clunkers along the way. I recall nearly buying a NeXT Machine Cube when Jobs was flogging that idea back in the late 80s.
In any case, Jobs is set for life with his Apple stock holdings. He may as well sit back and take a break from it all, concentrate on his health and quality of life, maybe even think a bit about the next great product idea if he gets bored.
And for those of you with some spare cash, watch Apple stock prices tomorrow. You might be able to pick up a bargain during the sell-off.
Jobs was a visionary but he had a few clunkers along the way. I recall nearly buying a NeXT Machine Cube when Jobs was flogging that idea back in the late 80s.
In any case, Jobs is set for life with his Apple stock holdings. He may as well sit back and take a break from it all, concentrate on his health and quality of life, maybe even think a bit about the next great product idea if he gets bored.
And for those of you with some spare cash, watch Apple stock prices tomorrow. You might be able to pick up a bargain during the sell-off.
Poser
Well-known member
he ain't Arnold!!!!
flameboy182
Well-known member
Wow.... that's really unexpected!
LMAO. You RIMjobs kill me. Read the press release again. Slowly, and out loud to yourself if that helps. He's still Chairman of the Board of Directors, and an Apple employee. Tim Cook is simply taking over the CEO duties (as he's been doing off and on for 3 years) full time.
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invictus43
Well-known member
biglandfarm
Well-known member
buy buy buy!
killerkeith
Well-known member
Jobs death watch begins.
and blue jeans!
The man was quite the fashion plate!
Article :
"Design and marketing, however -- which fell directly under Jobs' purview -- is not Cook's forte."
Let's face it, Apple is 99% marketing and hype, and 1% product.
"I believe Apple's brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role," Jobs wrote in his resignation letter.
Sure Steve, sure thing. Cook is just another good CEO. But Steve Jobs character, visionary, and marketing savvy, he is not.
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