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I think you should have said, "Apple is people working hard, iterating and delivering." Many of those hard working folks are still at Apple.

If Jobs was Apple, there should still be some skunkworks projects left behind to ship and the numbers are still favorable to Apple.

Yes, but as the OP describes, the process involved much iteration and constant feedback and energy from Jobs, not just a memo of what he wanted to see on launch day

I think the point was that Jobs was working with the teams as a contributor more than a dictator. It very specifically pointed out that Jobs' ideas were decoupled from his role as CEO (as were everyone else's) so there were just lots of ideas, and the best ones stayed around while the rest were thrown out.

Perhaps Jobs started that process, but I'm sure it still exists with him gone.

When you look at some of the iApps - like iPhoto - i dont think he's irreplaceable. iPhoto sucks and always has. In software design, his influence was definitely hit and miss.

Even a genius can err at times ;)

iPhoto sucks, but what was better?

Maybe you could mortgage your house and short the stock too? Let us know how that works out for you.