Apple Shares rises

Apple Shares Rise

After a modest selloff, Apple shares are trading higher today following the death of Steve Jobs, the company’s visionary chairman and co-founder. They opened at $373.33 and slipped briefly to $372 before rising again — almost as if in tribute — and heading upward past $384.

Clearly, the sentiment that Jobs created a company and culture that will continue to innovate and succeed in his absence is widely held among investors. As Jobs wrote in his Aug. 24 resignation letter, “I believe Apple’s brightest and most innovative days are ahead of it.” Evidently the market agrees. To wit, the flood of analysts’ notes this morning reaffirming confidence in the company:

Scott Kessler, Standard & Poor’s
One could argue that Jobs was the most celebrated innovator and businessperson of our time, and his loss to AAPL is immeasurable. Nonetheless, we think he created a company and culture that will continue to innovate and succeed, with countless executives and employees who will carry on. We think AAPL was largely prepared for this loss.

Get Smart : Sony Ericsson’s Strategy

Ten years ago, Japanese consumer electronics giant Sony Corp. and Swedish mobile-network vendor Telefon AB L.M. Ericsson put their mobile-phone units into a joint venture, creating Sony Ericsson in an effort to grab a profitable share of the booming global handset market.

It has been a bumpy ride. While the Swedish-Japanese hybrid enjoyed initial successes with its line of Walkman-branded music handsets and Cybershot camera phones, it has struggled to build major market share around the world, and, like rivals such as Motorola Mobility Holdings Inc. and Nokia Corp., has recently struggled to compete with Apple Inc. in the fast-growing smartphone market.