Following Steve Jobs' announcement late Wednesday that he was resigning as CEO of Apple (AAPL), the company's stock dropped 5% during after-hours trading before recovering more than half its losses. But while some investors are selling, others are saying a small drop in prices could mean a great time to buy Apple shares. As of Thursday morning, shares are hovering around $370.

"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," Jobs wrote in a statement. "Unfortunately, that day has come."

In the wake of his announcement, analysts are divided as to what will happen to Apple shares in the long run. Jobs was Apple's global face, and the visionary who guided the company from its startup days in his family garage to its current position as the world's second most valuable public company, just behind Exxon Mobil (XOM).

Barclays' (BCS) equity research team expressed their confidence in an Apple without Jobs. "While the stock could see some immediate headline pressure, we expect sentiment to rebound through next year with strong execution and new product cycles," they wrote in a statement.

Barclays was also optimistic about newly appointed CEO Tim Cook. "Cook is a proven executive who can handle the pressure and knows how to run the inner workings of Apple," they wrote. The team gives credit to Cook for important but under-the-radar elements of Apple's success, such as negotiating product margins and streamlining the company's supply chain.

Others are not so confident. Kevin Hunt, managing director at Aearo USA, says that the long-term effect of Jobs' resignation on Apple shares is "a clear negative."

Cook is a good operations manager, not a visionary like Jobs, Hunt suggests. "Jobs had an abnormally high impact on product design and direction. A lot of the company's success came from his substantial involvement in even minor decisions," Hunt says. "It's impossible to predict if they'll be as successful at revolutionary products as before."

"Without Jobs, Apple is just another company," he says.

With or without Jobs, Apple is expected to release a new iPhone this fall, as well as the next iPad in 2012. Some are concerned that Jobs' resignation could delay these products' arrival.

Jobs, who has suffered from pancreatic cancer, has been on a medical leave of absence since January, with Cook handling the CEO responsibilities. Jobs will be staying on with the company as chairman of the board of directors.

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Bradley Pennington

Mac without Steve != MS without Bill

This is a difficult one!

August 29 2011 at 2:34 AM Report abuse rate up rate down Reply
Luisa Young

Investors are awaiting Bernanke’s announcement on new policies to pump up the world’s largest economy.

August 26 2011 at 5:38 AM Report abuse rate up rate down Reply

I am more interested in what people can do with iPads... If people find iPads to be very productive in their daily jobs with the right kinds of apps.. I would raise my eyebrows... I have yet to hear much about it.. I still view Apple iProducts as more of entertaining than productive for users.. Can Apple products help our economy be more productive than other competitors' products?? I doubt so... People simply like Apple for the ease of use and pampering experience... Are we getting spoiled or what?? Recent generations are notorioiusly getting spoiled rotten.. lately.. We are getting softer and softer and cry more easily..

August 25 2011 at 11:33 PM Report abuse rate up rate down Reply

Apple is wildy successful with no competition around so far.. Apple is still able to get away with price gougings.. As long as people are still willing to pay $899 for his iPad, you can keep buying Apple stock.. Once they stopped, watch out above! Crash!

August 25 2011 at 11:26 PM Report abuse rate up rate down Reply

The specifications in Apple IPads are pretty lame but the apps fudge every lame nut and bolt inside IPads making it look great.. The guts inside iPads are really wimpy!
not fast or high performance whatsoever.. simply because apps are written smartly and requires less performance while showing so brillantly.. I can easily see through it... Apple stuff is nothing to me.

August 25 2011 at 11:24 PM Report abuse rate up rate down Reply

I would sell this stock faster than I would sell gold stock!!!!!

August 25 2011 at 7:17 PM Report abuse -1 rate up rate down Reply

Odds of Apple passing $400 again 2 to one , $500 5 to 1, $600 25 to one, $700 500 to one, $800 5000 to one... below $300? one to one within the next couple years. Apple may manage to function much like steady IBM , who knows.. But you have to take into account the obsolence of technolgoy.. Apple will fumlbe and fall on face from time to time.. There is always possiblities that some company will come with incredible new technolgies that will floor everybody.. AMD could be the next Apple with its development of fusion technolgies . who will know?? AMD is only $6 a share and can go up to $300 if fusion techology is booming. AMD can suddenly began taking market share away from Intel... who will ever foresee that?? Nobody including myself.. I know about AMD fusion technolgoy but ther eis no way I will ever know how far it can take AMD/? I can only wonder and hope that AMD will make it so big that graphics will make leaps and bounds in advances.. You will never know what comes around the corner.. Buy and hold Apple had taken a few years already... A year is an eon in high technolgoy... Apple products will be so yesterday in 2012.... You never know! Consumer are very finicky..

August 25 2011 at 4:56 PM Report abuse -1 rate up rate down Reply

Apple is ******* capital away from so many other deserving stocks like , gasp! Alcoa... Nobody still wants ALCOA, but ALCOA is a very, very, very valuable company.... yet underpriced by 90% WE ignore Alcoa as a n example of our own ignorances.... we are swimming in our own miserable ignorances.. Look at real estate crash, high unemployment, govenrment budget deficits... Yet Apple shone on... Apple is not really pulling for our economy for the money you put there.. Apple can do so much fo r us while so m any others are doing far more than Apple and they dont get your attention at all. Come to think about that.... You will lose money in Apple no matter where Steve JObs is .. I wish him good health and happiness. It doesnt matter what happens to the stock price.. Apple will go down no matter what.. Apple is no exception to the rule.. nothing will ... Amazon will crash.. Chiplote will crash... Priceline will crash.. Netflix will crash. IBM is a tough nut but it will eventually crash but more slowly.. All those nifty stocks since the begining of time all crash .. Remebver the Dutch tulips, hahahahah! Remember the dot.coms. hahahahah Apple is not anti gravity if you are wondering... nothing is ..

August 25 2011 at 4:48 PM Report abuse -1 rate up rate down Reply

Oracle , Microsoft and many others crashed yet they manage to grow in revenues and earnings ever since.. Apple is growing earnings yet the stock price will not always reflect this FOREVER... The smart money will dump Apple at the right time and you will never see your old high again if ever... Why risk for 10% more in Apple stock price while Apple can easily tank 70% anyday..

August 25 2011 at 4:43 PM Report abuse rate up rate down Reply

Apple can go to a trillon dollar in worth, but you have to remember who will come up with the trillon dollar when you ever decide to sell your apple shares?? It has happened to every stock like Apple... Microsoft was once $500 billon.. Oracle, Cisco, you name it.. Every one of them crashed! no matter what... If you beleive that Apple will dethrone Windows all over the world in 20 years, Apple will be worth only two trillon.. or so.. I would not bet on that... Apple is more of a novelty technology that do nothing but fasciinate technologically challenged consumers like your beloved aunt or Luddite friends.. Those kinds of people who never owned PCs suddenly discovered computer when they buy an Apple iPod then Iphone then Ipad.. Those users are not that critical to our own techological prowess. They are just merely consumers fascinated with Apple gimmicks.. Apple are not that likely to dethrone Microsofts, IBMs and Oracles of the world.. I would laugh if Apple still manage to do so.. We have to have our own brain abscesses to allow this to happen..

August 25 2011 at 4:41 PM Report abuse rate up rate down Reply