The real issue here is one that most analysts don’t talk about. They don’t discuss it because it makes them seem crass.
Steve Jobs is dead. He was an actual icon and visionary and genius and he’s dead. Nothing can change that. The man is dead. And Tim Cook is not Steve Jobs.
That’s not Cook’s fault, of course. But, in my opinion, a lot of the hype surrounding Apple Inc. (NASDAQ:AAPL)‘s so-called downfall comes from the talking heads, analysts and (yes) market blogger’s hype surrounding the fact that Job’s death created a vacuum at Apple Inc. (NASDAQ:AAPL), even if it didn’t. That creating a lack of confidence in investors and analysts that is wholly unjustified.
Apple Inc. (NASDAQ:AAPL) is more than Steve Jobs’ legacy. Apple Inc. (NASDAQ:AAPL) was always more than Steve Jobs. Apple Inc. (NASDAQ:AAPL) is a lot of people, innovating and working hard to provide great consumer products and creating a sense of style and attraction in the market-space for those products. Jobs being gone doesn’t take that away. All it takes away is a charismatic leader that the media could focus on, interview, talk about his black turtleneck and eventually make movies about.
But that’s just hype. The company is the company. The man is the man. To punish Apple Inc. (NASDAQ:AAPL) shares because Jobs is dead is to rob yourself (and the people who listen to you) of profit and value. Apple Inc. (NASDAQ:AAPL) still has a great value story. It still has great products. It still innovates. Rumors speak of iTunes streaming, the wearable wrist-computers and more. Hell, it’s still beating the pants off rival Samsung in patent courts all over the world. There’s a lot of value in the company and for a buy-and-hold investor now is the time to get Apple Inc. (NASDAQ:AAPL) and keep it for the next 20 years. But it, take the dividend, and smile quietly every time you see someone fiddling with an iPhone on the subway.
Also, note, even if the pessimistic analysts are wrong and Apple Inc. (NASDAQ:AAPL) only goes to $480 … that’s a gain of $50 per share of where it is now. Just a thought.
The article The Analysts are Wrong: Apple Will Be Fine originally appeared on Fool.com and is written by Nate Wooley.
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