MacWorld started as a trade show for the MacIntosh computer and remained a computer show for many years. It is not run by Apple Inc. (AAPL) — it is just about Apple.

Apple has moved away from computers as its only business, and MacWorld has been declining in importance for many years.

Without Apple and Steve Jobs at MacWorld the trade show becomes even less significant and, in my opinion, it will waste away much as COMDEX did.

The real question is the health of Steve Jobs. Is the decision for him not to appear due to health reasons or because MacWorld is no longer significant? This is why AAPL stock declined on the news about MacWorld since the institutional money managers have been speculating about Job’s health for some time.

Apple is more than Steve Jobs. It is correct that he has been a driving creative force for many years, but the company is not just one man.

Apple will live; MacWorld will die.

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