Thursday, 25 August 2011

ANALYSIS-Jobs move cracks door open for Apple rival Samsung | Reuters

"SEOUL, Aug 25 (Reuters) - The resignation of Apple Inc (AAPL.O) CEO Steve Jobs has opened the door for rival Samsung Electronics (005930.KS) at a crucial time in the battle for smartphone supremacy in salesrooms and courtrooms around the world.

Jobs passed the reins to his right-hand man Tim Cook on Wednesday, saying he could no longer fulfill his duties, raising fears the health of the Silicon Valley icon had worsened. [ID:nN1E77O002]

While Apple and analysts highlighted Cook's experience, as well as Jobs' new role as chairman and the company's extensive management bench, his departure will cause ripples across the Pacific at South Korea's Samsung.

More than any other firm, Samsung's fortunes are tied to Apple, both as a competitor and supplier of components."

'via Blog this'

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