Apple Can Handle Ops Without Jobs; Innovation is the Issue

There is bound to be some market reaction from the news that Steve Jobs, Apple CEO, is taking medical leave. But the issues have more to do with vision, and the ability to create brand new markets, than actual operations at Apple. Apple's team seems well able to execute on its vision.

In the third quarter of 2010 Apple had four-percent unit share of smartphone sales, 22 percent sales value share and 50 percent of profit share. In part, that is because it has honed its manufacturing processes, some would say.

Few CEOs have created markets the way Jobs has. And that's the danger the financial markets will be trying to assess, not Apple's operations.

Last quarter Apple obtained 4% unit share, 22% sales value share and 50% of profit share | asymco