Comments on Steve Jobs Resigning Apple CEO

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Atlanta, GA, August 24, 2011 — Comment from Jeff Kagan, Tech Analyst at www.jeffkagan.com

As sad as this is, it was expected. Steve Jobs medical issues apparently got in the way.

On a personal note, I wish Steve Jobs the best. I know he is dealing with quite a lot personally to have taken this step. You have been an incredible force in the changing industry. You changed the way we listen to music on iPods, talk on smart phones with iPhone and use table computers with iPad. Steve Jobs was an incredible industry player. One of a kind.

Steve Jobs first health scare was five or six years ago. He and they have planned the succession. It is now Tim Cooks job to drive Apple to further success.

Tim Cook is the new CEO of the company.

Apple has a very strong executive bench. This was not a one man show. There is allot of talent at the top brought together by Steve Jobs over the last few years.

Apple had many tries and many misses, but they also had several real bulls-eyes.

Tim Cook is as fanatical as Steve Jobs. He came to Apple during a critical time when Apple was having some troubles.

Can Tim Cook rule with fear like Steve Jobs?

Another question is what will happen with Apple stock? There may be some short term drop, but I think if we look to tomorrow, Apple will continue to grow and be strong.

Is there a Steve Jobs premium? Perhaps in the beginning, but at this point they have prepared for this, and the marketplace is expecting it, so I don’t think this will be a long term problem.

It will be interesting to watch the transition of the company, with a new leader, and the next generation of Apple.

More to come…

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These comments may be quoted in news stories.

Please attribute to Jeff Kagan, Tech Analyst with www.jeffKAGAN.com

If you would like to discuss, call me at 770-579-5810 or send an email to jeff@JeffKAGAN.com

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Jeff KAGAN| TECH ANALYST | www.jeffKAGAN.com

Analysis and opinion on the changing industry

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