The Lingering “Apple” Effect After Steve Jobs Resigns As CEO

Unless you’ve been living under a rock for the past 24 hours, I’m sure you know that Steve Jobs resigned as CEO of Apple (still keeping his Chairman role of course). The news really shouldn’t come as any surprise to shareholders and the market – it’s been an inevitable event for the past year now with his unfortunately dwindling health.

Still the “hangover” from the resignation will linger for months and years. Apple will still be a favorite love of Wall Street for the future but this guy gave the company an amazing direction and vision. Really it’s a shinning example of entrepreneurship and capitalism at it’s best. 10 years ago Apple was near bankruptcy and losing money and Jobs single handedly turned the company around.

Well done Mr. Jobs – and we should all take note…

5,371% Return Since 2003

The last 10 years for AAPL stocks has been one of the great stories on Wall Street. A roughly 5,371% return from the 2003 lows and boy do we all wish we had bought up AAPL stock when it was trading at $7/share.

I’m not a crazy Apple follower but after getting my new MacBook last year around this time for my birthday I can definitely say that I will never go back to a PC again. These things are just too damn cool! It actually made it to #14 on my list of 39 life lessons.

Will AAPL Survive Without Steve Jobs?

Here’s the Million Dollar question I want to pose to you all. Add your comments below! I’m sure that we could have some very strong arguments on both sides…