Tuesday, October 11, 2011

VIRTUAL REALITY: The greatness of Steve Jobs

By Tony Lopez

STEVEN Paul Jobs, the man who I think is the greatest tycoon of our time, died peacefully in his sleep in the presence of family members, on Wednesday, Oct. 5, 2011, in California, (Thursday morning Oct. 6, 2011 in Manila). Born February 24, 1955, he was 56. He died from complications from pancreatic cancer.
“Steve’s brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives,” Apple’s board said in a statement. “The world is immeasurably better because of Steve.”
Jobs battled cancer in 2004 and underwent a liver transplant in 2009. He took another leave of absence in January—his third since his health problems began—before resigning as CEO six weeks before he died. Jobs became Apple’s chairman and handed the CEO job over to his hand-picked successor, Tim Cook.
“Steve was among the greatest of American innovators - brave enough to think differently, bold enough to believe he could change the world and talented enough to do it,” mourned President Barack Obama.
“By building one of the planet’s most successful companies from his garage, he exemplified the spirit of American ingenuity. By making computers personal and putting the Internet in our pockets, he made the information revolution not only accessible, but intuitive and fun.”
Obama added:“And by turning his talents to storytelling, he has brought joy to millions of children and grown-ups alike. Steve was fond of saying that he lived every day like it was his last. Because he did, he transformed our lives, redefined entire industries and achieved one of the rarest feats in human history: He changed the way each of us sees the world.”
“The world has lost a visionary. And there may be no greater tribute to Steve’s success than the fact that much of the world learned of his passing on a device he invented,” the US president noted.
Jobs’s greatness lies in the impact of his work. He remade seven major industries—the PC, software, music, telephony, movies, television and cloud computing, so that today, billions enjoy a better life and lifestyle.
His inventions or innovations were enthralling in their design and technology and marvels of simplicity and user friendliness: Apple II, Macintosh, the iPod, iTunes, iMovie, iPhone, the iPad.
The last two products have yet to make their full run in the market.
Together, the iPhone and the iPad will probably kill the laptop computer as we know it today, along with the digital camera, the television business, and most other kinds of electronic toys and gadgets.
“The products he’s shepherded into existence with single-minded visionread like a Top 10 list, or a Top 50 list, of the world’s most successful inventions: Macintosh. iPod. iPhone. iTunes. iMovie. iPad,” said David Pogue of The New York Times six weeks before Jobs died.
As of March 2011, 108 million iPhones had been sold. As of June 2011, 25 million iPads had been sold. The iPod was introduced in 2001. Jobs increased the market price of Apple from $10 to $400 a share.
The iPhone was launched in 2007. Since that time, Apple share price had tripled.
The iPhone combines a mobile phone, a widescreen iPod with touch controls, and an Internet communications device in a single handheld product.
In June 2010, Apple introduced the iPhone 4 featuring an all-new design, FaceTime video calling, a new high resolution Retina™ display, a 5 megapixel camera with LED flash and front-facing camera, high definition video recording, Apple’s A4 processor and a 3-axis gyroscope. A new iPhonemodel was introduced this October.
In January 2010, Apple introduced the iPad, a multi-purpose mobile device for browsing the web, reading and sending email, viewing photos, watching videos, listening to music, playing games, reading e-books and more.
Jobs fused humanities and arts with engineering and technology to produce products of great elegance, simplicity, user friendliness, power and versatility.
“Technology alone is not enough,” explained Steve at the end of his speech introducing the iPad 2, in March 2011. “It’s technology married with liberal arts, married with humanities, that yields the results that make our hearts sing.”
Jobs also proved that you don’t need a formal education to succeed in business or in life. He created the riddle: which is the better course—humanities or engineering. He excelled in both, without earning a degree in either. Many of his management qualities should probably taught in the business school—vision, persistence, customer focus, attention to detail, savvy marketing, dictatorial grip on product development and marketing.
So successful had Jobs been at Apple that on Aug. 9, 2011, the company became, briefly, the world’s most valuable publicly held enterprise at $343 billion, higher than the $334 billion valuation of Exxon MobilCorp. Apple today is worth more than Microsoft and Intel combined, the two companies that made the PC a commodity and initially stole the thunder from Jobs’s Apple. Jobs himself was worth $8.3 billion.
Apple today has a market price of $348 billion, down from its 12-month peak of $422.86 billion. The company will probably be hurt by Jobs’ demise. No other company had its fortune and fortune inextricably intertwined with the vision and persona of its CEO.
Apple changed the game in the smartphone market with its iPhone, andthe e-book market with its iPad touch-screen device.
Steve once said “Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new.”
Jobs took his personal motto from the final page of Whole Earth Catalog. The book, he told graduates at at Stanford in 2005, ends with the admonition “Stay Hungry. Stay Foolish.”

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