When Steve Jobs died in 2011, many Apple (AAPL) loyalists had given up on the company. People had simply lost confidence in the company. There was a common feeling among investors that the tech giant wouldn’t be around for too long.
Now, three and a half years down the line, I present to you a more than $170 billion company with brilliant revenues and an amazing enterprise value. This raises one question: Is Apple really missing Steve?
There was a point after Jobs’ death when analysts had predicted that the company may suffer a loss in revenues. This they felt would be because of the demise of creativity in the company. Steve Jobs was the soul behind Apple’s success since its inception. A patron of art himself, the man who liked being called an artist instead of an industrialist, was the brain behind some of the latest tech toys we have in our hands today.
— Guru Focus