Today Apple shares traded at US$ 526 per share giving this company a market cap of US$ 489 billion dollars.
This is a stock that might be trading at US$ 50 per share or even lower when the magic of Steve Jobs fades away, and people start realizing that Steve Jobs is not coming back for act III at Apple.
The magic is gone from Apple and is not returning – today Apple is just another technology company after the death of its wizard and real genius – Steve Jobs.
Slowly people will start coming back to reality and they will realize that Steve Job has made his final curtain call, and many of Apple's high caliber people will start moving out to new high-tech companies - the new leading edge technology companies, and Apple would become just another high tech company like everybody else.
We don't know how fast this transition will take place, but the reality is in a few years Apple stock can be trading even around US$ 15 per share as it did just a few years ago.
We will go back to this post in a few years to check who's right.....
Technological advances are made today faster than at any time in the past.
Steve Jobs had a special brain power for innovation that can't be replaced - it does not matter how bright the people who work at Apple are.
You can't replace the genius of a Steve Jobs - it can't be done!!!!!!!!!!!
Silicon Valley is full of very smart people, but Steve Jobs was a very special case, and we don't have many genius like him around the world - he was one in a billion.
SouthAmerica: Reality check regarding innovation and the United States.
Innovation:
Here is an excellent lecture about innovation, that gives in detail the reasons why the United States is falling behind many countries in real innovation.
Americans think that they still are number 1 in the world regarding innovation, but the reality is another story.
Falling Behind: U.S. Competitiveness in a High-Tech World
Time: 1 hr. 10 min.
Robert Atkinsons talk will focus on the United States losing its international economic competitiveness as it falls behind in advanced technologies and the forthcoming green tech revolution. A New College alumnus, he is the founder and president of the Information Technology and Innovation Foundation, a Washington, DC-based technology policy think tank.
Atkinson is the author of The Past and Future of America's Economy: Long Waves of Innovation that Drive Cycles of Growth and the State New Economy Index series. He is chair of the Congressionally-created National Surface Transportation Infrastructure Financing Commission and was appointed by President Clinton to the Commission on Workers, Communities, and Economic Change in the New Economy. Before starting ITIF, Atkinson was Vice President of the Progressive Policy Institute and Director of PPIs Technology & New Economy Project.
SouthAmerica: Since I posted the above information here on ET around 12 noon time today when Apple stock was trading around US$ 526 per share and the market cap was around US$ 490 billion dollars - the price of this stock moved down and closed at US$ 497 per share and the market cap went down to around US$ 464 billion dollars.
The price of the stock went down US$ 29 per share and Apple also lost US$ 26 billion dollars in market cap value.
SouthAmerica: Since I posted the above information here on ET around 12 noon time today when Apple stock was trading around US$ 526 per share and the market cap was around US$ 490 billion dollars - the price of this stock moved down and closed at US$ 497 per share and the market cap went down to around US$ 464 billion dollars.
The price of the stock went down US$ 29 per share and Apple also lost US$ 26 billion dollars in market cap value.
And all that happened in a period of 4 hours.
.
AAPL had this reversal today because it was simply technically overbought...don't get too excited about your analysis. lets see where it is trading a couple months from now lol
