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Is AAPL doomed?

posted Aug 24, 2011, 11:36 PM by Mohit Kumar

Steve Jobs announced his resignation today! I received around 22 emails today (the first of which actually got the news to my notice!) expressing concern over this decision and the after-market drop. Should we sell AAPL? Is AAPL no longer appealing?

Firstly, this day was inevitable and we knew it would come. Of course, it is a sad loss of a legendary leader. Nevertheless, be informed that Steve will continue to influence AAPL as a member of the board. I don't expect AAPL to falter with this move at least for next few years.

Tim Cook is a very capable leader and I have always believed that Apple has been run not by just one man, but a group of talented people surrounded by an innovative culture! I continue to believe that AAPL remains a solid investment and we will continue to hold our highly profitable positions in AAPL. As always, we will not react to the news or get effected by any irrational sell off that occurs in coming days!

Stay tuned for more details!

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