Analysts believe Tim Cook is more essential to Apple than Steve Jobs

Analysts believe Tim Cook is more essential to Apple than Steve Jobs

Piper Jaffray analyst Gene Munster has stated that Apple COO Tim Cook is currently more valuable to the company compared to CEO Steve Jobs who has been on a medical leave since the starting of the year.

Jobs is of course one of the founders of the company. He is a highly charismatic personality with a huge fan base around the world.

Munster said in a note: “At this point, losing Tim Cook would be a bigger deal to investors than if Steve Jobs stepped aside. Just that thought makes my stomach tighten up.”

Cook has been managing Apple with Jobs on the medical leave. He is expected to continue with major responsibilities in the company even when Jobs return in the coming days.

Jobs is likely to take more of a strategic role in Apple with Cook handling the day to day working of the company.

Cook has also been praised for his calm negotiating style and steady management skills.

Market sources say that Motorola and Dell have been trying for years to lure Cook away from Apple.

Whatever the analysts may believe, Jobs is likely to remain the public face of Apple in the near future. Cook is expected to take over from him whenever Jobs decide to retire.