You are an idiot if you sell your Apple stock tomorrow

It’s too late to sell your Apple stock. If you sold it today, you are a genius. But tomorrow? You’ll be the biggest loser.

Why? Apple has the best team, the best distribution, the best supply chain, the best management in the business.

Everyone, from Palm to Microsoft to Google wants to be like Apple.

Hint: they can’t.

Hint: they won’t (although Palm got very close by hiring a ton of key iPhone execs and developers and PR people away from Apple).

Apple is more than just Steve Jobs. Now you’re about to find out just how much more.

If you sell your stock you’re an idiot. Yes, it’ll be down big in the morning. Yes, the news is sort of shocking. But Apple is fine and we’ll all buy the next big thing that they do no matter who brings it to us. Steve Jobs has built a killer team that everyone wants a piece of and that culture will be around for years. I met many of them in China and they are regarded among supply chain guys there as the best in the business (and the most demanding). That won’t go away because Steve isn’t at the helm anymore.

Oh, and to Steve Jobs: I wish you and your family all the best. This is a tough business to be in front of all the time and you’ve set the standard very high for your team. Now stand back and watch them shine.

148 thoughts on “You are an idiot if you sell your Apple stock tomorrow

  1. Ontario, I think it’s very possible to agree with Robert and with me here. Apple has a history of innovation, which will continue with or without jobs. They have a sharp management team and have been pushing the Valley around since he came back. But I think we as consumers and Apple as a company will be much better off with Steve than without.

  2. Robert McLaws, I guess Apple has a succession plan in place now. :)

    Robert Scoble, it appears that Louis Gray has taken a different view of Jobs’ importance to Apple’s long-term prospects. However, it helps to remember that Apple survived without Jobs for several years, and in the process became not only a viable firm (Macintosh II, etc.) but also introduced some interesting products (HyperCard). I don’t know the personalities in Apple, but I’m sure that even if Jobs goes off to India rather than staying at Apple, the company will survive and still do great things…maybe not insanely great, but definitely great.

  3. Robert McLaws, I guess Apple has a succession plan in place now. :)

    Robert Scoble, it appears that Louis Gray has taken a different view of Jobs’ importance to Apple’s long-term prospects. However, it helps to remember that Apple survived without Jobs for several years, and in the process became not only a viable firm (Macintosh II, etc.) but also introduced some interesting products (HyperCard). I don’t know the personalities in Apple, but I’m sure that even if Jobs goes off to India rather than staying at Apple, the company will survive and still do great things…maybe not insanely great, but definitely great.

  4. Robert: what changed? I went to China and saw how important the supply chain is to Apple’s success. Also, how important the stores are to its success. That’s a huge change in a year. Plus, Apple has been putting, successfully, other faces out in front of the company. That’s a huge change in a year too.

  5. Robert: what changed? I went to China and saw how important the supply chain is to Apple’s success. Also, how important the stores are to its success. That’s a huge change in a year. Plus, Apple has been putting, successfully, other faces out in front of the company. That’s a huge change in a year too.

  6. Well, I’m one of those who will be on for the AAPL ride… But plain and simple – they need to have an event where someone other than Jobs hits it out of the park. Maybe iPhone 3.0. Maybe something else. But until then – any actual facts about AAPL will be drowned out in the sea of “But what about Steve” emotion.

    But if the next product announcement is a dud – the overall health of the company won’t matter to the traders, even if the company performs well fundamentally.

    In this market, emotion seems to be everything.

  7. Well, I’m one of those who will be on for the AAPL ride… But plain and simple – they need to have an event where someone other than Jobs hits it out of the park. Maybe iPhone 3.0. Maybe something else. But until then – any actual facts about AAPL will be drowned out in the sea of “But what about Steve” emotion.

    But if the next product announcement is a dud – the overall health of the company won’t matter to the traders, even if the company performs well fundamentally.

    In this market, emotion seems to be everything.

  8. Funny Robert, that’s not what you were saying on the BlogBus to CES last year. If I remember correctly, you said that Jobs was Apple, and that Apple didn’t have a succession plan in place. What changed in the last year?

  9. Funny Robert, that’s not what you were saying on the BlogBus to CES last year. If I remember correctly, you said that Jobs was Apple, and that Apple didn’t have a succession plan in place. What changed in the last year?

  10. Whatever. You thought tablet PCs and Second Life were going to take over the world.

    My only question is if you’re in the tank for Apple because you own stock in the company, or if you’re just one of the kool-ade brigade. ‘Cause you sure seem desperate lately to pump Apple stock up.

    I mean, it’s pretty clear that your whole tale of Steve Jobs’s yogurt vendor saying that he looks to be in perfect health was a steaming load of bullcrap, right?

  11. Whatever. You thought tablet PCs and Second Life were going to take over the world.

    My only question is if you’re in the tank for Apple because you own stock in the company, or if you’re just one of the kool-ade brigade. ‘Cause you sure seem desperate lately to pump Apple stock up.

    I mean, it’s pretty clear that your whole tale of Steve Jobs’s yogurt vendor saying that he looks to be in perfect health was a steaming load of bullcrap, right?

  12. True but then, you’re an idiot if you sell on any bad news since by the time you know, the loss has happened. Sell on bad news before it happens.

    Anyway, if you believe Apple has good fundamentals even if Job-less, then you should buy to, as Scoble says, take advantage of idiots.

  13. True but then, you’re an idiot if you sell on any bad news since by the time you know, the loss has happened. Sell on bad news before it happens.

    Anyway, if you believe Apple has good fundamentals even if Job-less, then you should buy to, as Scoble says, take advantage of idiots.

  14. Apple produces magic. We all look for the sparkle of something truly extraordinary any time Apple launches a product. If I were in Apple’s shoes, I’d hold back a product announcement or two from MacWorld in order to reassure shareholders shortly after an announcement like this.
    We can be sure that this is not an announcement that has been made hastily.

    As an avid Steve Jobs and Apple fan, I’m sure we will have at least a few goodies to look forward to in the next month.

    Get well Steve.

  15. Apple produces magic. We all look for the sparkle of something truly extraordinary any time Apple launches a product. If I were in Apple’s shoes, I’d hold back a product announcement or two from MacWorld in order to reassure shareholders shortly after an announcement like this.
    We can be sure that this is not an announcement that has been made hastily.

    As an avid Steve Jobs and Apple fan, I’m sure we will have at least a few goodies to look forward to in the next month.

    Get well Steve.

  16. Firstly i have to echo your best wishes to Steve Jobs and his family.

    I have been a fan of Apple since the mid 80′s and i’d agree with what you are saying…but it kind of depends on why you have apple stock, if you are a big Apple / tech fan and you can afford to stick it out then great. If your in it for the money then the the risks just took a major upturn.

    I’m afraid that when Apple are good they are very very good, but when they are bad they are shocking. And their supply chain is enviable but it also has issues, they’ve opened stores that compete with their old supply chain, i’m constantly waiting for software to ship to registered resellers (especially os) they charge for many products like mobile and ilife where competitors like microsoft wouldn’t, i just waited 2 months and sent several complain’t letters before getting my iphone via o2. And i’ve even had long running apple resellers tearing there hair out in rage over issues like when they cancelled a load of orders claiming a manufacturing plant lost having been hit by an earth quake (until someone got photo’s of an untouched plant), or that famous quote when customers were being mugged for ipods and when asked if they’d make the headphones in black so they didn’t stand out they issued a statement saying “better to have style and get mugged than not have style”

    But having said all that, i hope that they have learned from their past mistakes and will continue to wow us long into the future, doing what they do best, making machines that we love to love.

  17. very well said. apple doesn’t appear to be positioned to fail in the face of steve job’s departure, be it permanent or not. they’ve built a castle there, and they’ll continue to innovate like they have against previous speculation.

    the jobs story is one that the talking heads love because it draws headlines and it puts a face on a company.

  18. very well said. apple doesn’t appear to be positioned to fail in the face of steve job’s departure, be it permanent or not. they’ve built a castle there, and they’ll continue to innovate like they have against previous speculation.

    the jobs story is one that the talking heads love because it draws headlines and it puts a face on a company.

  19. Firstly i have to echo your best wishes to Steve Jobs and his family.

    I have been a fan of Apple since the mid 80′s and i’d agree with what you are saying…but it kind of depends on why you have apple stock, if you are a big Apple / tech fan and you can afford to stick it out then great. If your in it for the money then the the risks just took a major upturn.

    I’m afraid that when Apple are good they are very very good, but when they are bad they are shocking. And their supply chain is enviable but it also has issues, they’ve opened stores that compete with their old supply chain, i’m constantly waiting for software to ship to registered resellers (especially os) they charge for many products like mobile and ilife where competitors like microsoft wouldn’t, i just waited 2 months and sent several complain’t letters before getting my iphone via o2. And i’ve even had long running apple resellers tearing there hair out in rage over issues like when they cancelled a load of orders claiming a manufacturing plant lost having been hit by an earth quake (until someone got photo’s of an untouched plant), or that famous quote when customers were being mugged for ipods and when asked if they’d make the headphones in black so they didn’t stand out they issued a statement saying “better to have style and get mugged than not have style”

    But having said all that, i hope that they have learned from their past mistakes and will continue to wow us long into the future, doing what they do best, making machines that we love to love.

  20. Well, it was Jobs who made Apple flourish in the beginning and it was him who rescue Apple from obsolescence with his return. With his absence now we’ll find out if the team is as good as people say. Best of luck for him.

  21. Well, it was Jobs who made Apple flourish in the beginning and it was him who rescue Apple from obsolescence with his return. With his absence now we’ll find out if the team is as good as people say. Best of luck for him.

  22. Couldn’t agree more. I’m not selling my three shares :>)

    Seriously, as a MAC convert, I know firsthand how great the products are. That’s not about one man. He built a great company and that’s not going away

  23. Couldn’t agree more. I’m not selling my three shares :>)

    Seriously, as a MAC convert, I know firsthand how great the products are. That’s not about one man. He built a great company and that’s not going away

  24. I agree whole heartedly with your statement that Apple is a machine that is much larger than Steve Jobs. People who have never worked in a product development environment don’t realize what a massively orchestrated effort it is to bring a new device to market. It takes more than the vision of one man, no matter how inspiring he is. It takes many smart people thriving in a culture that supports them and allows them to achieve great things. That will be Mr. Jobs’ legacy, and it will live on long after he is gone.

  25. I agree whole heartedly with your statement that Apple is a machine that is much larger than Steve Jobs. People who have never worked in a product development environment don’t realize what a massively orchestrated effort it is to bring a new device to market. It takes more than the vision of one man, no matter how inspiring he is. It takes many smart people thriving in a culture that supports them and allows them to achieve great things. That will be Mr. Jobs’ legacy, and it will live on long after he is gone.

  26. Well said,
    I can’t agree with you more on this topic. It’s not all about one person it’s about a team of people that make a company like Apple really stand out. If it was about just one person Apple would have died a long time ago.

    Surprise! Steve Jobs deserves to be out of the spotlight of Apple, and hey the best part is he’ll still be getting paid about the same. At least I hope he would.

    Thanks for the heads up.

    Apple ROCKS!

    Sincerely,
    Mac Junkie
    Joshua Needham
    Follow me on Twitter @iPhoneDevForum

  27. Well said,
    I can’t agree with you more on this topic. It’s not all about one person it’s about a team of people that make a company like Apple really stand out. If it was about just one person Apple would have died a long time ago.

    Surprise! Steve Jobs deserves to be out of the spotlight of Apple, and hey the best part is he’ll still be getting paid about the same. At least I hope he would.

    Thanks for the heads up.

    Apple ROCKS!

    Sincerely,
    Mac Junkie
    Joshua Needham
    Follow me on Twitter @iPhoneDevForum

Comments are closed.