Monday, January 17, 2011

Digital Daily Writer Paczkowski Thinks Reaction to Steve Jobs Medical Leave Overblown

As news of Steve Jobs medical leave sends shockwaves through the internet and the Apple investor community with reports of Aapl dropping 8% in Frankfurt, Digital Daily writer John Paczkowski asks everyone to take a deep breath and ease up:

And while that’s understandable, that concern is overblown. As I wrote back in Jan. 2009 for investors to sell on news like this is just silly:
“Because if Jobs were to leave Apple–willingly or otherwise–people won’t suddenly stop buying Macs. The iPod won’t suddenly go the way of the Walkman and early adopters won’t suddenly lose interest in the next-gen iPhone. Nor will the Houdini-meets-Edison magic that Jobs has brought to Apple suddenly dissipate.
“Yes, Jobs’s sensibility pervades Apple’s culture and its products, but that culture and those products are not tethered to his health or day-to-day presence at the company. And Apple’s deep executive bench is more than capable of running it–and running it well–in his absence.
“iPhones worldwide will not stop working if something should happen to Steve–although apparently there are quite a few investors who believe this is indeed the case.
“Apple will endure–with or without Steve Jobs. There will be a post-Jobs era, and whether it begins this year or 20 years from now is of little consequence.”