Cook has nothing to prove; he's already done it. It was a pretty flawless handoff and Apple will be the same tomorrow as it was yesterday. The CEO does not need to be a showman; that Jobs happened to be both was a happy fluke.
It's the biggest stock in my retirement portfolio. I never subscribed to the theory that Jobs was responsible for Apples success or that he "invented" things such as the mp3 player or the tablet.
Apple will continue to do just fine unless their entire marketing department retires. That 5% is based on speculation of speculation, not the actual effect of Jobs leaving.
It's confounded me on how much people place on one man. Granted, Steve Job's did an amazing job to help drive that company into the giant it is today, but does anyone honestly think that after a decade and a half that he is the only executive in that building that understands the strategy??? I just don't understand the shareholder panic.
I'm not a big fan of Apple's products personally, but I will say, Mr. Job's owes the company and the shareholders absolutely nothing. May the man find some peace as he re focuses on himself and his family. Apple shareholders, relax, it's gonna be just fine.
Tell me about it... I'm loving watching my OCZ stock build and fall. It's the most erratic thing because investors don't know anything about the SSD market.
Just keep in mind that if you are investing in the stock market as an individual you are (hopefully) doing it for long term gains. Daily fluctuations of +/-3% now mean nothing in 40 years when you cash out and your entire portfolio which averaged 6% annual gains.
I wouldn't say that there was any sort of panic with stockholders. Looking at the charts today, there was a 10-point drop between closing time yesterday and when the market opened today. Since then, it has been rapidly pulling back up as the day has gone on.
Source: Google Finance
Also, I had a meeting with my investment managers yesterday. They generally seem to agree that most of the market is sheep that blindly buy and sell on gut decisions. AKA, the stock market is retarded. One shouldn't just put on blinders and push through everything, but bringing an umbrella to shield yourself from the rain of retardation (and tears) is definitely recommended.
Bottom line: if I were an AAPL investor (which I am not), I wouldn't be concerned with Jobs stepping down. I'd be more apprehensive about what's going on behind-the-scenes to delay their product cycle.
Bandrik
Elkhart, IN Icrontian
Comments
Apple will continue to do just fine unless their entire marketing department retires. That 5% is based on speculation of speculation, not the actual effect of Jobs leaving.
I'm not a big fan of Apple's products personally, but I will say, Mr. Job's owes the company and the shareholders absolutely nothing. May the man find some peace as he re focuses on himself and his family. Apple shareholders, relax, it's gonna be just fine.
ftfy
Weak job data: -300 points
Tuesday:
Strong earnings report: +300 points
Wednesday:
Base minerals speculation: +500 points
Thursday:
Eurozone debt fears: -400 points
Friday:
Oil concerns: -250 points
Monday:
Strong consumer confidence report: +600 points
Stocks are retarded.
Source: Google Finance
Also, I had a meeting with my investment managers yesterday. They generally seem to agree that most of the market is sheep that blindly buy and sell on gut decisions. AKA, the stock market is retarded. One shouldn't just put on blinders and push through everything, but bringing an umbrella to shield yourself from the rain of retardation (and tears) is definitely recommended.
Bottom line: if I were an AAPL investor (which I am not), I wouldn't be concerned with Jobs stepping down. I'd be more apprehensive about what's going on behind-the-scenes to delay their product cycle.
Hurricane gonna flood the market: -300 points