Jobs Exit as Apple CEO May Be ‘Lease of Life’ for Sony, Nokia
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Steve Jobs shook up the electronics world for a decade with the iPod, iPhone and iPad at the expense Sony Corp., Nokia Oyj and Hewlett-Packard Co. His exit as Apple Inc.’s chief executive officer may pave the way for competitors to regain market share, analysts said.
Sony and Nokia were among Apple rivals whose shares advanced during Asian and European trading amid speculation Jobs’s withdrawal may increase their ability to compete in products ranging from smartphones to tablet computers. Jobs, who will be replaced by Chief Operating Officer Tim Cook, rescued Apple from the brink of failure and turned it into the world’s biggest technology company.