This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Apple: With and After Steve Jobs

This commentary originally appeared on Real Money Pro on Sept. 6 at 9:55 a.m. EDT.

My friend/buddy/pal Barry Ritholtz writes an insightful weekly investment/economic column in The Washington Post.

Barry's latest column (from Sept. 3) provides a particularly interesting discussion of how Apple (AAPL - Get Report) has decimated most of its competition.

I am relatively uninformed with regard to the technology sector. My insights into the sector are not particularly unique or value-added, so I rarely chime in about things of an information technology kind. But Barry's column got me to thinking about Apple's shares, and I wanted to share my general impression (as a layperson) on the company's dependency on Steve Jobs.

It is clear that Steve Jobs is in very poor health and concerns abound about the future of Apple without him, especially after his recent resignation as CEO of the company.

For anyone worrying about Apple's future without Jobs, one need only look at Disney (DIS - Get Report) and how it has fared without its brilliant, creative, driven, perfectionist leader and founder.

Disney (of which Steven Paul Jobs is a board member and the majority shareholder) was also started on a shoestring. The company was built on the genius of its creator, Walt Elias Disney, defied all predictions of its demise and rose again from near-bankruptcy to dominate without peer. Disney inspired a slew of third-rate imitators that never understood the roots of its success, and, most significantly in this comparison, the company has continued to prosper (and, in fact, has risen to new heights) after the loss of its founder. Under the guidance of several successors who shared Walt Disney's philosophy and understood the importance of the business's unique culture, the company recruited the best and most creative minds to maintain integrity.

Moreover, unlike Walt Disney, Steve Jobs is (for the time being) still around, serving as Apple's Chairman of the Board and continuing to guide, motivate, and drive the company -- very similar to how Roy Disney did after his brother's death.

And, don't forget that Pixar, which is, essentially, the spiritual combination of the two firms and their founders, has the same brilliance, creativity, and unparalleled success of both Apple and Disney without the benefit of either Jobs or Walt Disney's involvement -- only their inspiration.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $123.25 0.00%
DIS $105.48 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%
TSLA $185.00 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs