Steve Jobs Quits CEO role at Apple

[Papewaio]

Steve Jobs has resigned (http://www.smh.com.au/technology/technology-news/steve-jobs-quits-as-apple-ceo-20110825-1jat8.html) I haven't seen anything on the apple website to confirm this. It could be an hoax.

It could be true given how ill he has been. Hope he gets well and the corporate DNA of Apple hopefully this time round is strong enough to go on.

With the likes of HP stumbling on creating tablets... I do wonder when decent competition is going to arrive... it will be good for the consumer and will keep MS and Apple on their toes.

EDIT: Just found the PR statement at of course apple/pr:

http://www.apple.com/pr/ so he has resigned.

[a completely inoffensive name]

He has been super ill, I do not blame him. Cancer takes a toll and whatever he has now seems to be dangerous as well.

[Centurion1]

heheheheh I have 7k lined up to buy into the stock after what I predict to be another emotional drop tomorrow...... 5% drop in after hours trading after the announcement. People are so foolish. Tim Cook has basically been running the company for awhile now and because the company saw the market distress after Jobs steps down from before they have likely developed a very clear succession plan to stop any lethargy in a new CEO taking charge. The stock will drop for a little bit and then rocket back up again once people realize they are blooming idiots.

[drone]

Tim Cook has basically been running the company for awhile now and because the company saw the market distress after Jobs steps down from before they have likely developed a very clear succession plan to stop any lethargy in a new CEO taking charge.
Cook cannot maintain the RDF. Apple is not going to tank as a company, but the #1 market cap days are over.

[Centurion1]

Cook cannot maintain the RDF. Apple is not going to tank as a company, but the #1 market cap days are over.

I doubt it. Lol, Jobs actual influence in Apple's famed RDF plays are the work of superior advertising. The man himself set the seeds for Apples sleek hip approach and encouraged the revolutionary tech but he didn't design their ads or the products appearances. No single man no matter how influential can truly cripple his company with his departure when it is likely planned for and when the corporation is on the the upswing. This is exactly why consumers should avoid trying to be traders or handle their investments on their own. If Apple stock tanks it will purely be because of consumer hysteria which is rather pathetic when you look at it. Apple stock will still remain on of the top stocks in the market. I am not predicting their shares to exceed the value of Google but I would not be surprised if they did. Apple is probably the safest stock you can buy into since they have literally surrounded themselves in a cocoon of being consumer chic.

[Papewaio]

He's still Chariman... not like he's left the company, just means he's not at the tactical level as much.

[drone]

This is exactly why consumers should avoid trying to be traders or handle their investments on their own. If Apple stock tanks it will purely be because of consumer hysteria which is rather pathetic when you look at it. Apple stock will still remain on of the top stocks in the market. ... Apple is probably the safest stock you can buy into since they have literally surrounded themselves in a cocoon of being consumer chic.
Apple stock is high because of consumer hysteria. This is why it thrashes so much every time Steve coughs. The random consumer/shareholder can not sway Apple stock price, large fund managers do. Stock price is all about perception, not actual performance. Apple's performance as a company will suffer if they lose the chic cool aspect, a distinct possibility with the loss of the black turtlenecked one shilling the wares, and the large shareholders (fund managers) know this.


I am not predicting their shares to exceed the value of Google but I would not be surprised if they did.
Actual share price is meaningless. You are aware that Apple has ~3x more shares outstanding than Google, right?

[Centurion1]

Right. Anyway yes I understand. I am 19 years old and I can move around 7k pretty easily i'm not some dude who occasionally looks at the business channel I just got an internship with an investment firm.


I do apologize because I should have clarified. Apple has recently surpassed exxon as the highest market capped stock. Their Esp is essentially the same as Google. And in my mind what is the strongest indicator of future potential in the tech market is p/e. Apple's p/e isn't quite at the same levels of Google but it is still approaching. I think google with the most recent details of the motorola deal i think the future is looking bright for goog. I would say the same about appl however especially since they want to enter a new market in advertising which holds promise. Apple is a superbly run corporation and will remain so in cook's hand. Self admittedly I do overhype p/e and I know some people don't even like to look at it but I think in the tech markets it is often a strong indicator of future growth.




Apple stock is high because of consumer hysteria. This is why it thrashes so much every time Steve coughs. The random consumer/shareholder can not sway Apple stock price, large fund managers do. Stock price is all about perception, not actual performance. Apple's performance as a company will suffer if they lose the chic cool aspect, a distinct possibility with the loss of the black turtlenecked one shilling the wares, and the large shareholders (fund managers) know this.


Their cool aspect is not because of some 60 year old man in a turtleneck unveiling them. That is the mis-perception. It is because of their cool hip stores, their being the first to usher in everything, the way their products have serious weight compared to competitors and don't feel "plasticky" it is the way they are marketed by the advertising branch.

Apple stock will continue on an upward path and is safer than investing with other things people are lately seeing as cash cows like gold.

[Catiline]

Apple stock will continue on an upward path and is safer than investing with other things people are lately seeing as cash cows like gold.

Safer how?

[Centurion1]

Than gold? I shouldn't have to explain that.

[Catiline]

No, please do. I agree anyone investing in gold as a cash cow is an idiot, but if you're talking about safety in the long run...

[Centurion1]

Apple is a blue chip tech stock with a very bright future to invest in. Are you going to argue that apples future is dim? That being said the potential of Apple going bankrupt is very low.

Gold no the other hand is what? 2.5x times its normal price? This is fantastic news if you bought alot of gold when it was low but if you buy gold now on the hopes of it rising even further....... that's a highly risky scenario. Gold isn't some mystical commodity like people think. The only time it thrives is when consumers are running scared and governments and the global economy is going poorly. If I buy gold at its current market share which is about 1700-1800 an ounce and hold it for the long term I am literally possibly the worst investor of all time. Gold will drop to its original value once the markets re stabilizes and a new wave of growth begins. Unless you are saying you are willing to hedge your bets that the world will never recover? I have money in gold right now and have since it was about 1200 an ounce. I will not be keeping a hold of it if the market price drops below 1500 for more than a week.

Gold is safe in that it can never fully lose its value yes but if you are trying to build a nest egg or actually invest Gold is a poor buy. At the moment gold requires a lot of babying because its value could plummet quickly in the case of a sell out. I do think any balanced portfolio should hold a little value in commodities like Gold. However, for now I am watching my gold like a hawk because I don't want to lose alot of money on it. I simply do not trust the gold bubble, a bubble being exactly what it is.

Basically to have gold as the majority of any profile is asinine. Investment is supposed to make you money over the long term and gold really won't do that. The spike in prices now is artificial as we all know. If your portfolio is centered or based on gold you should probably look over it.


For something to make you laugh I found this article earlier and wanted to share it.

http://personalfinancebythebook.com/should-christians-use-faith-based-mutual-funds/

[Catiline]

I'm not arguing with you that Apple sound investment in the short to medium term, but it is ultimately a technology company as such very reliant on the quality of it's product, and inherently susceptible to competition. Strong now, yes, and a good investment. safer than gold - Idon't think so.


I'd agree with much of what you say about gold. I certainly wouldn't want a portfolio based on it, but at the same time my attitude to it has changed a lot since I've lived in the Middle East and Asia. Here it is very much a consumer commodity, and one in which the increase global production has been slowing for years, and is far far lower than the growth in the Asian economies and populations where there's going to be continued demand for gold. The price of gold has tracked growth in income here fairly closely - and that incomes going to continue to go up.

[Ronin]

so when is the church choosing a new leader??

[HoreTore]

so when is the church choosing a new leader??

We eagerly await the Second Coming.

[CBR]

We eagerly await the Second Coming.
I'd say about 50/50 for it to happen.

[HoreTore]

I'd say about 50/50 for it to happen.

Well, it depends on whether the Chosen People of Intel manages to find the Promised CPU....

[Vladimir]

I'd say about 50/50 for it to happen.

As it could, or it couldn't.

Me, I'm happy when I get in four in one night. :drummer: :eyebrows:

[Rhyfelwyr]

I'd say about 50/50 for it to happen.

:stare:

[Papewaio]

We eagerly await the Second Coming.

It already happened he left the fan boy flock for another CGI reality... the fan boy flock flounded... he came back and rose the flock from the pits of dispair and left them a Lion. :smoking: