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Jobs Prepares to Pass the Torch: Analyst

Apple icon's lower profile signals shift, regardless of health

By Jim O'Neill,  Newser User

Posted Dec 18, 2008 8:52 AM CST

(Newser) – Steve Jobs is moving slowly toward the exit, and the Apple CEO has assembled such a strong team that even the absence of the company's "irreplaceable face" won't spell disaster, reports Apple Insider. Jobs' decision to skip MacWorld Expo doesn't mean his health is worsening but is "a sign that we are in the early stages of changing roles in Apple's management structure," an industry analyst told clients this week.

Markets move on the merest rumor that Jobs, a cancer survivor, is having health issues. This time around, higher-profile roles for execs Phil Schiller—who will deliver the MacWorld Expo keynote—and Tim Cook walloped the company's stock price but may just signal an orderly succession. The analyst says he sees it as "a clear message that a leadership shift is under way."

Apple CEO Steve Jobs holds up a new aluminum frame for a MacBook Pro during product announcement at Apple headquarters in Cupertino, Calif., Tuesday, Oct. 14, 2008.
Apple CEO Steve Jobs holds up a new aluminum frame for a MacBook Pro during product announcement at Apple headquarters in Cupertino, Calif., Tuesday, Oct. 14, 2008.   (AP Photo/Paul Sakuma)
Apple CEO Steve Jobs smiles after a product announcement in San Francisco, Tuesday, Sept. 9, 2008.
Apple CEO Steve Jobs smiles after a product announcement in San Francisco, Tuesday, Sept. 9, 2008.   (AP Photo/Paul Sakuma)
Apple Product Marketing manager Phil Schiller gestures during a news conference at Apple headquarters in Cupertino, Calif., Thursday, March 6, 2008.
Apple Product Marketing manager Phil Schiller gestures during a news conference at Apple headquarters in Cupertino, Calif., Thursday, March 6, 2008.   (AP Photo/Paul Sakuma)
Apple CEO Steve Jobs, lower left, demonstrates iChat using Mac OSX Leopard with a live image of Apple Phil Schiller, senior vice president of Worldwide Product Marketing.
Apple CEO Steve Jobs, lower left, demonstrates iChat using Mac OSX Leopard with a live image of Apple Phil Schiller, senior vice president of Worldwide Product Marketing.   (AP Photo/Paul Sakuma)
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Bloomberg analyzes Steve Jobs' pullout from MacWorld and Apple's withdrawal from the event after 2009.   (Bloomberg)

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Apple's executive team is one of its competitive advantages. This management team, along with Steve Jobs, has been responsible for Apple's product innovation."
- Gene Munster,
Piper Jaffray analyst

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