Steve Jobs Resigns as Apple CEO - its iMargeddon

It was always going to happen.

Jobs was never going to stay as CEO forever.

The fact that he resigned the way he did was smart, and good for Apple.

Despite what all the ADHD afflicted Wall Street wunderkinder think, dumping shares and claiming doom and gloom because their spreadsheet models say so, this isn’t as big a problem as everyone thinks.

1. Jobs is a long term thinker. He knew this day was coming and has been busy preparing.
2. While the common view of Apple is that its a company built on one tent pole, and that tent pole is Steve Jobs - there’s more to the company that just him.
3. Jobs brilliance lies in the fact that he can look at technology and distill it down to something that is accessible to the “I just want it to work” crowd.
4. I’m willing to bet money that he’s been explaining this rationale to everyone in his inner circle.
5. Apple’s product line for the next 2 years are already in the pipeline.
6. Apple’s engineering mules for the next 4 years of possible products are in the pipeline.

It’ll be good for column inches to say that Apple is screwed. Everyone said that the day Bill Gates resigned Microsoft was screwed.

Different situation. Gates resigned after the rot had set in and handed the reigns over to Monkey Boy. Vista was already in the works before Bill resigned, he just left the big steaming pile for Ballmer to deal with.

This time Jobs, appears, to be leaving with Apple going from strength to strength.

1. The iPhone 5 due ‘real soon now’.
2. The Mac grabbing market share like Ballmer grabs futile acquisitions.
3. A very successful patent war being fought against Samsung. The timing on this is interesting too.

The real reason I know Apple is in good stead - 5 year olds.

The other day I was in one of those Home Maker Super Centres.

The 5 year olds wanted to play with iPads and Macs. I mean all of them. They weren’t lining up top play with Windows 7 laptops or someone else’s tablet.

Want to know what tech trend to follow look at what floats the boat of a 5 year old.

I don’t really think iMargeddon is here - but if you do I’ll offer you a couple of bucks for your Apple shares.

Its Doom I tell you Doom!

I just had to make a few comments about the latest global economic burp that started when Standard and Poor’s dropped US the credit rating to AA+ from AAA.

Wake the fuck up!!

This is the same credit ratings agency that told everyone that sub-prime mortgages were a good investment, AIG was as solid as a rock and Lehmann Brothers, well Lehmann Brothers is a bulwark of Wall Street and we can trust them…honest…and we all know how well that went once the dominos started to fall.

Nothing’s changed. Not really.

Does anyone really think that the United States is not going to pay its bills?

Does anyone really think that the economy of Greece and the economy of the USA are in the same situation?

I mean how do you call in the receivers on a country that’s got more guns, planes, boats, aircraft carriers and nuclear weapons than anyone else? You’d have to be a pretty brave accountant to make that house call and which bankruptcy court would have jurisdiction?

This is just another case of Wall Street wunderkinder showing that their idea of long term investment strategy is “how much money can we make in the next 30 minutes?” after getting their market guidance from a ‘fair and balanced’ Fox News financial report.

The only thing this has been good for is taking attention away from News Corporation and their woes.

Rupert wouldn’t have…nahhh…that’s as preposterous as a news organisation being involved in…oh...