Jobsophobia: The Overblown Fear of the Resigning of Steve Jobs.
Yes Steve Jobs is the most influential component of Apple. Yes, he turned Apple into one of the most valuable corporations in the world. Yes he is an irreplaceable tech guru who will forever be enshrined in history as the brains behind one of the most astounding turnarounds in corporate history.
And yes, he is no longer Apple's CEO as of today.
Premature dumping of Apple stock is inevitable in tomorrow's trading session. But it is way too early to tell whether this resignation will have significant repercussions in the long term. Investors, whether rattled by the potential health of Steve Jobs or by the adequacy of his heir apparent, are going to react by selling. Yet, Steve Jobs is still staying on as CEO, and knowing Jobs, he will still have a commanding presence in Apple's corporate matters. Controlling and ambitious men have always made sure they consolidate power even after they "resign"- just ask Putin and his puppet president Dmitry Medvedev.
And although former Apple COO Tim Cook is by no means the next "Steve Jobs," that should in no way warrant the insinuation that he is incapable of continuing Apple's success. And there is absolutely no support at all for the declarations of Apple armageddon and all the doom and gloom pervading throughout the shock-ridden financial community on Apple's outlook.
Jobsophobia has some credible factors, but it is simply too early to tell how much of an impact Job's stepping down as Apple CEO will have on the overall health of the company.