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Jobs Resignation May Have Little Impact in the Short Run

Despite Apple shares' plunge, little will change for now, says analyst.
Posted on August 26, 2011 by Minda Zetlin
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Jan-Dawson

What effect will Steve Jobs’ resignation have on Apple?

Not much, at least in the short term, according to Jan Dawson, a telecom analyst at Ovum.

Those who set out to dump their Apple shares (which dropped 5 percent on the news) were being premature, he says. For one thing, new CEO Tim Cook had in fact been running the company already during Jobs’ medical leave. Also, since he was immediately voted chairman upon his resignation as CEO, Jobs isn’t precisely leaving Apple, at least not yet. And besides, Apple’s near-term strategy is already set, with the iPhone 5 rolling out soon.

Longer term concerns may be warranted, Dawson admits. If and when the day comes that Jobs is no longer involved with Apple, it will have lost its Chief Visionary. Cook is known as an operational leader, not a visionary. Then again, he’s been standing in an awfully big shadow.

Read more at CIO-Asia.

 

 

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  • http://www.onepagerapp.com Matthew Moore

    From an outsider’s perspective, Jonny Ive gives off the “visionary” feeling more than any of their other executives. As long as they stand for building killer products and avoid cutting corners, I’ll keep trusting them with my dollars.