Stepping aside, Steve Jobs is confident his company will thrive. His resignation as chief executive of Apple has brought speculation about how well the consumer electronics company he flew to innovational supremacy will weather the change. That would be under new CEO Tim Cook, up from chief operating officer.
Jobs’s health has long been a concern for Apple investors, though he is staying on as Apple’s board chairman. Industry analysts are peering keenly into the future.
Analyst Tim Bajarin saw it as rosy: “From an investor’s standpoint especially, there may be this fear that Apple is going to implode. That’s not even close to being true. This is one of the most well-run companies in the world, with one of the deepest benches, with one of the largest cash reserves. If anything, I actually expect Apple to be a stronger company going forward, not weaker.”
But traditional convictions about Jobs’s unique gift as the Great Panjandrum of phones and computers persist. An Apple customer in Germany, asked what his departure will affect said: “Definitely the innovation. I don’t think they will continue to be so innovative, since he is the brains behind the ideas.”
On the other hand, another said: “I don’t think it was just Steve Jobs behind the make; Apple can stand alone without him.”
Other analysts point to a vast, soundly developed client base and even Apple cult. Google’s Eric Schmidt called Jobs a historic American who combined an artist’s touch with an engineer’s vision.