Perception Versus Reality: What Now For Apple?
The resignation of Steve Jobs as Apple CEO sees the company lose much more than a boss, but the future is still bright.
Perception Verses Reality: What Now For Apple?
- By Gordon Kelly
- 25 August 2011
“I’ll always stay connected with Apple. I hope that throughout my life I’ll sort of have the thread of my life and the thread of Apple weave in and out of each other, like a tapestry. There may be a few years when I’m not there, but I’ll always come back.” [Steve Jobs, Playboy Feb. 1 1985
On Wednesday Apple did what Apple does best: it made a significant announcement having kept the details in absolute secrecy. Steve Jobs resigned as Apple CEO. As might be expected, Jobs did this in a passionate, individualistic tone: “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.”
The response to the news has been just as emotional. “He’s probably going to be remembered for the next hundred years as the best business leader of our time,” proclaimed Apple co-founder Steve Wozniak. Tweeters called for Apple Store vigils
and that most reactionary of institutions, the stock market, stripped $24bn
off the company’s market capital in just 10 minutes. The Wall Street Journal opined Should You Dump Apple?
and Google shares leapt 10 per cent.
The problem lies in the sizeable gap between perception and reality. “I hereby resign as CEO of Apple,” everyone read from Jobs’ official letter
. It was as if no-one spotted the follow-on sentence: “I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.” It is a role that was immediately accepted
and his ‘strong recommendation’ that Tim Cook replace him as CEO has also been followed. Who is Tim Cook? We have a full guide here
. More to the point is Jobs assertion that “I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.”