NEW YORK (TheStreet) -- Apple (AAPL - Get Report) closed Tuesday under $570. A little earlier in the day, it touched below $550. In the days prior to its last earnings call in April, Apple shares hit a low of $555.
This recent swoon, after moving from $360 in November to an all-time high of $644, has brought out a chorus of Apple-worrywarts. They are saying this is just the start of a broader pullback. They're saying this is due to investors who are worried about carriers pulling their subsidies on future iPhones.
Any pullback in Apple shares also seems to bring out the concerns about whether the largest company by market capitalization can still keep growing.
The other day, I spoke with a good friend of mine who worried about Apple's stock that: "Steve's no longer there and their markets are brutally competitive."
Apple could have the most amazing management team in the world, but none of us would talk about it, because Steve Jobs was that good a CEO. He was so charismatic, that he could overshadow Bill Clinton and the Vanity Fair after-party at the Oscars, combined.
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Jobs' stories have now become legend within Silicon Valley. Given that, it's completely understandable that his management team -- now left to run Apple completely on their own devices -- would be overshadowed by the media.
I'm quite sure that neither Jobs nor his team care much about how the media and bloggers judge their abilities. They know that all that matters is how their accomplishments are judged years from now, as well as how they're judged by their peers around them at Apple.
Five stars stood in the shadow of Jobs: Tim Cook, Eddy Cue, Phil Schiller, Scott Forstall and Jony Ive. (I should also include a sixth, CFO Peter Oppenheimer, who does a great job in his role.) Despite worries by some after Jobs' death, they're all still at Apple.
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There was a another member of this group, Ron Johnson, who helped make the Apple stores into what they are today. However, Johnson chose to leave Apple to become CEO of
after it became clear that Tim Cook would get the top job at Apple.