@Value can be used with methods only if annotated with @Autowired. Is that correct?

[Stefan Jankovic]

From book Getting started with Spring framework -4th edition, I came across this sentence (page 180):

You should note that @Value annotation can be used at method-level and method-parameter-level only if the method is annotated with @Autowired, @Resource or @Inject annotation.

So, I gave it a shot:

@Component
public class Sponge {
	private String name;
	private String color;

	@Value("Bob")
	public void giveSpongeName(String name) {
		this.name = name;
	}

	public void pickColor(@Value("yellow") String color) {
		this.color = color;
	}

	@Override
	public String toString() {
		return "Sponge [name=" + name + ", color=" + color + "]";
	}

}

What I get it:

Sponge [name=Bob, color=null]

-First notice is that book was incorrect as it worked for method-level.
-Second notice and question is how does it work when @Value is at method-level and doesn't work when @Value is inside method-parameters? What happens behind the scenes?