Apple even stronger a year after Steve Jobs death (Update)

October 5, 2012 by Rob Lever
A bookshop employee piles up copies of a biography of the late "Apple" co-founder Steve Jobs in 2011. Apple paid tribute Friday to Jobs, one year after his death, with a video and homage to the man who co-founded and led the iconic technology company.

As Apple paid homage Friday to Steve Jobs a year after his death, the US technology giant appeared to be extending its leadership in the sector even without the visionary leader.

Visitors to the Apple website were greeted with a brief video showing snippets of Jobs and the various products he introduced, from the early Apple computers to the iPhone, and a message from chief executive Tim Cook.

"Steve's passing one year ago was a sad and difficult time for all of us," Cook wrote.

"I hope that today everyone will reflect on his extraordinary life and the many ways he made the world a better place."

Jobs died October 5, 2011 at the age of 56, after a long battle with cancer.

"One of the greatest gifts Steve gave to the world was Apple," Cook said. "No company has ever inspired such creativity or set such high standards for itself. Our values originated from Steve and his spirit will forever be the foundation of Apple. We share the great privilege and responsibility of carrying his legacy into the future."

Cook added: "I'm incredibly proud of the work we are doing, delivering products that our customers love and dreaming up new ones that will delight them down the road. It's a wonderful tribute to Steve's memory and everything he stood for."

Despite the loss of Jobs, Apple has maintained and even extended its leadership with a record-breaking introduction of the iPhone 5, helping lift its shares to record highs.

Apple is also widely expected to introduce a smaller version of its market-leading iPad later this month, which may be another huge success.

But analysts said this may not be an indication of Apple's long-term future.

"Apple can continue to fly along on the fumes of the Steve Jobs-era for quite a while," said Roger Kay, an analyst and consultant with Endpoint Technologies Associates.

Jobs and Apple had "a lot of things in the pipeline" before he died and these ideas can keep fueling Apple for some time, he added.

"What Steve could do was envision a product market that didn't exist at all," Kay said. "There aren't many people who can do that. Not at Apple, maybe not anywhere."

Over the long term, Kay said the outlook is less clear. Apple's success was not just the work of one person, said Kay, but Jobs was at the center of it.

"You can have an orchestra, and all the players are very fine, but the conductor is the guy who pulls it all together and makes it sounds like an orchestra," he said. "That's the way he ran Apple."

Trip Chowdhry at Global Equities Research said Apple may never be the same.

"Our research is indicating that probably this is the peak for Apple," Chowdhry said in a note to clients.

"The success of a consumer product is dictated by getting the last two percent right," Chowdhry explained.

"We think that skill has now left Apple, and Apple may be the new Microsoft, coming with good enough products like Microsoft does. Perfection may not be the hallmark of Apple as Steve Jobs is no more."

Jobs was just 21 when he founded Apple Computer in 1976 in his family garage with his 26-year-old friend Steve Wozniak.

From such humble beginnings, the company grew into the world's most valuable firm, with a market value of above $600 billion. Since Jobs' death, Apple stock is up some 70 percent.

Jobs led the drive for Apple to produce the iPod, iPhone and iPad. He also created iTunes, which became one of the world's biggest e-commerce platforms and a leading vendor of music, apps and other content.

Under Jobs, Apple introduced its first computers and then the Macintosh, which became wildly popular in the 1980s. But he left Apple in 1985 after an internal power struggle and started NeXT Computer company, aimed at businesses.

He then co-founded Pixar animated studios in 1986 from a former computer graphics unit he bought from movie industry titan George Lucas. The studio has produced acclaimed films like "Toy Story."

Jobs reconciled with Apple in 1996 with the company buying NeXT for $429 million and Jobs ascending once again to the Apple throne.

Jobs revamped the Macintosh line, as well as launching a "post-PC era" in which personal computers give way to smart mobile gadgets.

Explore further: Private tribute to Steve Jobs planned for Sunday

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1 / 5 (2) Oct 05, 2012
How is apple even stronger?? Has anyone see the iphone 5?
1 / 5 (3) Oct 05, 2012
They should have killed him years ago.
2.8 / 5 (4) Oct 05, 2012
If stronger means releasing clearly unfinished software in an attempt to win a dick-wagging contest with Google, only to have to tell people in a press conference to use a competitor's product until they clean up their mess in an undetermined amount of time...
2.4 / 5 (5) Oct 05, 2012
Steve would never have allowed iOS6 to be released with the widespread WiFi problems that Apple has STILL not acknowledged even exist, and certainly would never have allowed the farcical Apple Maps debacle. Did Tim Cook even look at Apple Maps before it was releaed? Steve would have driven 100 miles testing it personally first!
3 / 5 (2) Oct 05, 2012
What? Steve Jobs is dead?

When did that happen?

I thought he rose from the grave 3 days after. Just as every other God of Mythology has done.
1 / 5 (5) Oct 05, 2012
If OBAMA! experienced the same fate, our country would be better off in a year as well.
1 / 5 (3) Oct 05, 2012
Releasing an unproven/untested/poor-performing 'Maps' is a huge marketing blunder , by those chosen to continue Apple's excellence. I admire Apple, but with Steve Jobs passing, perhaps the fire has gone out!
I was very happy that Mr. Jobs lived to see 'His' Apple as the company with the Greatest Market Cap in the World!

Roy J Stewart,
Phoenix AZ
2.3 / 5 (3) Oct 06, 2012
Apple is now a hedge fund company more than a manufacturer. Their $100billion cash pile is now $117,221,000,000. The core of Apple is one man Braeburn Capital operating out of Reno, Nevada.

When the stock market reverses so will Apples fortunes.
1 / 5 (3) Oct 08, 2012
The collapse and death of the corporate monster "C-r-Apple" will be far more welcomed and news worthy than any remembrance of that self-serving tyrannical ego manic Jobs or what the Q1 Q2 Q3 net worth earnings of "C-r-Apple" amounted to or what the latest "I-Sh*t" device to liberate people's cash from their wallets are/were.....

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