Apple to miss Steve, on right track: Kingdom Holding CEO

Talal, while speaking to CNN’s Richard Quest, stressed that there would be buying and selling of Apple stocks depending on market condition but his association with the firm will not be lost.

CEO, Kingdom Holding Co., Prince Alwaleed bin Talal said today that Apple is on the right track despite the untimely death of its co-founder and former CEO Steve Jobs on Wednesday.

Saying that Jobs was a “legend”, who always had the desire to “conquer the world”, Talal recalled his meeting with the technocrat in 1997-98, much before the age of i-Series. The Gulf-based CEO started buying Apple shares when the US company was moving through a rough patch.

Talal, while speaking to CNN’s Richard Quest, stressed that there would be buying and selling of Apple stocks depending on market condition but his association with the firm will not be lost.

Steve Jobs, innovator extraordinaire, who started up Apple Inc in a Silicon Valley garage and built it up into the world’s most innovative company, died at the age of 56 succumbing to pancreatic cancer.

Jobs had stepped down from the chief executive role in late August, saying he could no longer fulfill his duties, and became chairman. He underwent surgery for pancreatic cancer in 2004, and received a liver transplant in 2009.

Apple rivals Exxon Mobil as the most valuable in America.