____________________________

The Penny Hoarder said:

My thinking is that Apple will be fine, but it still seem like we lost a giant last night.

I have to give a full disclaimer though- we are a little Apple crazy in this house. The fam even named our betta fish, "Stevie"....sigh. 

 

That said, while Apple suffered when Jobs left the company for the first time, he hasn't always hit home runs. Didn't he launch a few products that didn't take off (the "Lisa", or something like that?). He also had another startup that didn't do so well from what I understand. Anyway, I'm thinking that his departure may not be a good thing, but hasn't Walt Disney succeeded for decades after he departed? Same with McDonalds and Ray Kroc.

If we never knew of Jobs' health problems and he suddenly stepped down then maybe a little panic.  But you can't tell me he's been a full-time CEO the past couple of years anyway.  Heck, it's probably just a title change, Cook's probably been running the show anyway.

Add to that there is supposed to be a major MacPro update (can't wait) and Sprint will be getting the iPhone as well as there being an iPhone update (including possibly a cheaper version) and I think their revenue has plenty of room to grow.

Nix the growth, take the cash off the market cap and there's so much value there.  Throw the growth in and AAPL is probably one of the most reasonably priced stocks on Wall St.

Add to that there is supposed to be a major MacPro update (can't wait) and Sprint will be getting the iPhone as well as there being an iPhone update (including possibly a cheaper version) and I think their revenue has plenty of room to grow.

sell sell sell!

 

Buy, Buy, Buy!!!

Im with Glen... take advantage of any dips and buy! You will be rewarded... isnt buffets advice to sell when other buy, and buy when others sell...

Pretty cool fish tank.  Go Stevie!

The Penny Hoarder said:

My thinking is that Apple will be fine, but it still seem like we lost a giant last night.

I have to give a full disclaimer though- we are a little Apple crazy in this house. The fam even named our betta fish, "Stevie"....sigh. 

 

I have to give a full disclaimer though- we are a little Apple crazy in this house. The fam even named our betta fish, "Stevie"....sigh. 

sell sell sell!

Buy, Buy, Buy!!!

@Justin, I didn't know either until my sister told me right before I was about to go to bed. I stayed up writing a post after being in such shock!

@retireby40 and @Jon the markets open in just a few minutes and I am expecting a sell off as well.

It's just so crazy even though they say it was planned.

We are forgetting that Steve was on medical leave since the last several months anyway.

Also, he has already been elected as a chairman of the Apple Board. So if things start going really wrong, he can always intervene and come back as CEO (if his health permits, of course), just like Michael Dell.

I also think, Steve must have made sure that they have products/services lined up for many years to come.

I would have thought it would bounce back a bit though