My Tribute to Steve Jobs Visionary and Leader

m4s0n501

The big news on Wednesday was the passing of Steve Jobs, the visionary who led Apple Inc. (NASDAQ/AAPL) to new heights. But with his death, the future of Apple will be the constant subject of debate. The concern obviously will be the ability of Apple to continue to drive innovation without Jobs. Apple is trading down about 1.75% in the pre-market.

Apple is the largest company in the world, with an astounding market cap in excess of $350 billion, which would rank it 29th on the International Monetary Fund GDP rankings for 2010. That’s impressive; but, at one point back in 1997, the stock was hemorrhaging at below $5.00, suffering a slow death and on the verge of collapse. Co-founder Steve Jobs came back to run Apple in 1997 to try to turn the ailing company around. Apple subsequently bounced higher, but fell back to the $7.00 range in 2002. Institutions and retail investors alike began to dump the stock, running for the exits.

Undeterred, Jobs introduced radical changes to Apple to re-invent the company via new and flashy desktops, laptops, and eventually leading to the “iPod,” “iPhone,” and “iPad.”

  • Dow Jones 30,000 Trigger Leaked by 27-Year-Old Stock Research Firm CLICK HERE
  • The Inevitable: Dow Jones 30,000 CLICK HERE

With this change in direction, Apple would ultimately become the darling of the investment community and techies worldwide. But what happened at Apple is not an aberration.

Companies do move up and down. The key is to look for companies such as Apple that are going through operational issues but where there is some hidden, core value. That was the case with Apple. Investors recognizing this great opportunity in 1997 have since made over 75 times their money. An investment of about $13,000 in Apple in 1997 would make you a millionaire today. A $100,000 investment is worth nearly $8.0 million!

Now, if someone would ask me, “What are the best stocks?” Apple would definitely be up there. The reality is that Apple is the “best of breed.” Just look at the iPad sales. Apple sold 9.2 million in the second quarter versus a mere 0.49 million for the equivalent “PlayBook” by Research In Motion Limited (NASDAQ/RIMM). For 2012, estimates call for the sale of 62.5 million iPads. Don’t be at all surprised to see Research In Motion (RIM) look at dumping its PlayBook, which is nice, but really not close to the iPad. RIM disappointed with third-quarter revenues and earnings per share falling short.

RIM did bounce over 14% on Wednesday on takeover speculation following a break below $20.00, its lowest level in nearly six years. Speculation is that Vodafone (London/VOD) may be looking at RIM.

While Apple is at the top, the company will need to continue to innovate going forward to brush off rivals without having Jobs around providing his extraordinary guidance and vision.

Clearly it will not be easy, but Jobs has entrenched his vision in Apple.

RIP Steve Jobs.


6 thoughts on “My Tribute to Steve Jobs Visionary and Leader

  1. I would like to thnkx for the efforts you’ve put in writing this blog. I am hoping the same high-grade web site post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own site now. Actually the blogging is spreading its wings quickly. Your write up is a good example of it.

  2. Thanks for your whole work on this web page. My daughter takes pleasure in engaging in investigations and it’s simple to grasp why. We notice all regarding the lively method you give rewarding tips and tricks via the website and increase response from other ones on the issue while our daughter is certainly starting to learn a lot of things. Take pleasure in the remaining portion of the year. You’re carrying out a good job.

  3. I think this is one of the most important info for me. And i am glad reading your article. But want to remark on some general things, The website style is wonderful, the articles is really great : D. Good job, cheers

  4. Hello, I just, reached your blog while I were searching using yahoo, I bought the same appearance to your blog, I have published a threat close to your one you can view it on that web address Fencing Contractors Brisbane |

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

m4s0n501