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Apple does not have Steve Jobs. But then again neither does its competition.

|Includes: Apple Inc. (AAPL), GOOG

I have to laugh a little when I hear the pundits rattle on "Apple does not have Steve Jobs anymore."   They say it as it is the death knell for Apple going forward.  As if Apple cannot innovate or function without Steve Jobs.  

Well let's not forget that Apple's competitors like Google, Samsung, etc all do not have Steve Jobs either.  So at worst Apple now competes with these companies on a level playing field.  Does that put them on a path to doom?  If so then all these other companies they compete with are also doomed without Steve Jobs leading their companies.

Apple has a deep bench of talent that along with Steve Jobs made Apple into what it is today.  The fact is nobody has Steve Jobs now but Apple still has the core team (Cook, Jony Ive, etc) along with the other 10's of thousands of talented apple employees. 

Yes Apple does not have Steve Jobs but they don't have to worry....none of their competitors do either.

Disclosure: I am long AAPL, GOOG.