S&P Reiterates its STRONG BUY Rating on Apple, Says Apple was Prepared for Steve Jobs Loss

October 07 00:00 2011

New York, October 6 (RainbowNewsLine.com) – Analyst Scott Kessler of S&P Equity Research reiterates his STRONG BUY rating on Apple (NASDAQ: AAPL).

Apple has announced the passing of its legendary and visionary cofounder, and former Chairman and CEO. Steve stepped down as CEO in August saying he could not meet the rigors of the role sufficiently due to health issues. It can be argued that Steve Jobs was the most celebrated business person and innovator of our time and his loss to Apple is immeasurable, the analyst says. The analyst, however, thinks that Steve Jobs has created a company and culture that would continue to succeed and innovate with employees and countless executives who would carry on. Apple was largely prepared for the loss of Steve Jobs, the analyst adds.