Losing a visionary: The death of Steve Jobs

Written by Exequiel Octavio Bertaina, Staff Writer

With the announcement of Steve Jobs’ death, it comes as no surprise that a pioneer of the information age has died. This man was one of the key figures responsible for the success of Apple in today’s technological savvy world. What he brought to the table was a combination of business savvy and high aesthetic standards, which brought consumers gorgeous and highly functional devices with its signature Apple logo on the back.

A little background in case you’re wondering; Apple was founded by Steve Jobs, Steve Wozniak and Ronald Wayne in 1976, but Jobs left after losing to a power struggle with the board of directors in 1985. By 1996, Apple’s stock fell to an all-time low and the purchase of NeXT brought Steve Jobs back to the company and he became the CEO in 1997. From then on, Apple released one beautiful device after the other: the gorgeous and powerful Mac, MacBook Pro, MacBook Air, iMacs, Mac Mini, iPod, iPhone, Apple TV and many more.

This man was one of the fundamental elements in turning Apple into one of the largest corporations in the world, which is currently valued higher then Microsoft in the stock market! It’s very unfortunate to see such an influential individual in the information-age pass away and the magnitude of his death could literally be compared to the death of Michael Jackson in the modern world.

He was truly a visionary and was clearly thinking of making the future our present. In today’s modern world, we take the iPod, iPad and iPhone for granted. Yet, back in 2001, the iPod had just appeared and not many investors would have imagined how this device would have revolutionized the music industry. The same story can be applied to the iPhone in 2007, which is now known as the benchmark for other products to live up to its success.

One must note that his success went beyond Apple; Jobs also ran the highly successful Pixar Animation Studios for almost 20 years and he sold it to Disney in 2006 for $7.4 billion. In any case, his death will be remembered with all of the technological progress he brought us and has given us a benchmark to which Apple and the rest of the industry must continue to thrive on.

As he stated in August 2011, “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.” Even with his tremendous success and power, he remained humble and grounded to what counted the most: helping Apple thrive in today’s competitive markets. We can now only cherish our memories of him and look forward to what new tricks Apple will pull out of its sleeves.

Goodbye, Mr. Jobs. We will miss you so very much.

ARB Team

Arbitrage Magazine
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