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"We saw Apple without Steve Jobs. We saw Apple with Steve... Now, we’re gonna see Apple w/out Steve..."

In an interview with CBS Corp. (CBS) television host Charlie Rose, Oracle Corp. (ORCLchief executive Larry Ellison was eager to give his two cents about what the future held for Apple, Inc. (AAPL).

The top tech CEO was reverent in his tone when discussing marketing and bundling genius Steven P. Jobs, Apple's late CEO, who in October 2011 succumbed to a long battle with cancer.  He remarked:

He was brilliant... he was our Edison... he was our Picasso.  He was an incredible inventor.

As anyone who knows much about Thomas Edison's history can attest, that comparison seems reasonably apt.  Mr. Jobs, liked Mr. Edison considered genius 1 percent inspiration and 99 percent perspiration -- but both men were clever enough to make sure most of that perspiration was wrought on the backs of their engineering staff.

And like Mr. Edison, Mr. Jobs was a ruthless competitor, at times stealing, borrowing, and/or repackaging ideas into a product that outshone the competition.  


But all that aside, he drove his company to put out products that wowed the market and did things none his rivals could, like making the tablet appealing, and breaking the power of the Big Music industry via digital downloads.

Moving on, Mr. Ellison was asked what the future holds for Apple under the leadership of Mr. Jobs' quiet and reserved successor, Tim Cook.  Mr. Ellison didn't beat around the bush, commenting:

Well, we already know.  We saw... we conduct the experiment, it's been done.  We saw Apple with Steve Jobs. We saw Apple without Steve Jobs. We saw Apple with Steve Jobs. Now, we’re gonna see Apple without Steve Jobs.

Despite a seeming slowdown in new product and new ideas Apple remains one of the world's most profitable companies and is sitting on a huge pile of cash.  Apple is number one in the tablet market and number two in the smartphone market, behind only Samsung Electronics Comp., Ltd. (KSC:005930).

Tim Cook
Larry Ellison isn't convinced new Apple CEO Tim Cook has the Jobsian magic.
[Image Source: Bloomberg]

 
Investors remain cautiously optimistic amid news that a long-awaited budget iPhone and iWatch (smart watch) are set to launch within the next month, in addition to the next flagship iPhone.  That hopeful sentiment has lifted Apple's stock up to around $470 USD/share.  While still far from its record highs of $700+ USD/share it saw last year, it's welcome news for investors who saw the stock dip down to $400 USD/share more than once as Apple's margins slid.

Source: CBS





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