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Apple Shares on the Rise

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LEGEND LIVES ON
DailyFeed

The man, the leader, the legend has passed.

In just 56 years, Steve Jobs produced a legacy of unique vision, steadfast drive, and unparalleled technical influence worthy of a life lived for 560 years. His products touched the lives of many, inspired unabashed devotees, and helped push society forward.

Jobs was often described as stubborn, arrogant, and draconian. But he nonetheless fathered a simple and sleek aesthetic that defined Apple's character and catered to a worldwide audience -- no matter what the background. Perhaps tapping into his Buddhist beliefs, he created an approach to every new interface that was decidedly "unlearned." You didn't need computer expertise to understand how to use an iPod, an iPhone, an iPad, or a Mac.

Put simply, in Steve's own words, "It just works."

The news of his passing sank the hearts of fans, compatriots, and predecessors around the world. But as a visionary leader, his passion and creativity is felt even in his absence. People still believe in Apple as a company and its ability in maintaining Jobs' ambitious direction.

And reflecting this trust and loyalty, Apple shares are on the rise -- current up four points at $381, but having gone as high as $384 today.

Of course, there are -- and have been -- more meaningful tributes to Steve Jobs than just a rise in market value. But the fact that even mercurial investors have faith in Apple's future is a testament to the dedication to excellence that Jobs had instilled in the company.

Along with a wonderful eulogy to Steve Jobs by journalist and friend Walt Mossberg, AllThingsD shared financial analysts' thoughts about Jobs as a revolutionary businessman.

Scott Kessler, Standard & Poor's
"One could argue that Jobs was the most celebrated innovator and businessperson of our time, and his loss to AAPL is immeasurable. Nonetheless, we think he created a company and culture that will continue to innovate and succeed, with countless executives and employees who will carry on. We think AAPL was largely prepared for this loss."

Shaw Wu, Sterne Agee
"Steve has been a great inspiration for us as analysts in the investment community and as consumers of its products. He has made AAPL the platinum standard by which we measure other technology companies and has helped create an “insanely great” amount of shareholder value. He is one of the forefathers of Silicon Valley and his contributions are immeasurable. We find it remarkable that he not only revolutionized and transformed the technology industry but media and retailing as well. We believe his impact will still be felt in the decades to come. In our view, iCloud has just gotten started and the iPhone and iPad are still relatively early in their adoption curve. And there are still untapped markets like broadcast television and streaming video."

Mike Walkley, Canaccord Genuity
"While Mr. Jobs' passion, creativity, and keen eye for consumer preference will be missed, we believe Jobs and Apple's executive team have built an unparalleled talent base and corporate culture that sets the table for future success and innovation. We continue to anticipate strong earnings growth for Apple over the next several years with very strong demand and relatively low global market penetration for iPhone, iPad and Mac products."

Brian White, Ticonderoga Securities
"Steve Jobs has arguably executed the biggest turnaround story in corporate history, reinvented the consumer electronics landscape, destroyed powerful competitors, upended entire industries and improved the lives of consumers around the world with Apple's innovative products. We believe Steve Jobs' presence will always be felt at Apple and inspire employees to continue to innovate for many years to come. Steve Jobs' acceptance of nothing but the highest quality work has been thoroughly ingrained in the Apple culture during his tenure, creating a team that we believe will continue to thrive."

(See also: Apple's iPhone 4S Is a Childish Joke in Japan and Apple Quashes iPhone 5 Hopes, Unveils iPhone 4S)

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POSITION:  No positions in stocks mentioned.

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