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Thread: Article: Apple Stock Takes Hit as Wall Street Reacts to Jobs' Resignation

  1. #1
    Default Apple Stock Takes Hit as Wall Street Reacts to Jobs Resignation



    Steve Jobs' resignation, while unexpected in its timing, isn't shocking to those who have followed Apple in recent years. However, that hasn't stopped Wall Street from initially overreacting to Jobs departure.

    Apple stock is down about $20 in after hours trading in response to Jobs departure. Like so much in the markets these days there is an uncertainty revolving around the future of Apple. However, if Jobs previous leaves of absences are any indication, this dip in stock price is business as usual. Every time concerns about Jobs' future at Apple have surfaced, the company's stock has taken a very noticeable dip.

    Jobs' pancreatic surgery in August 2004? Dip. Liver transplant in January of 2009? Dip. Anounces medical leave of absence January 17 of this year? Dip.

    Apple's stock isn't likely dip much more. Each time the company has rebounded following concerns of Jobs position within the company. However, each time Jobs has resumed his position as CEO. This time is different, Jobs isn't coming back as CEO, although he will be actively involved in the company.

    The future of Apple will be interesting, but the immediate future of the company's stock value shouldn't be of concern, especially with the release of the new iPhone just on the horizon. Emphasis on should. The company so many have grown so fond has entered the transitionary period many wished against all odds would never happen. However, if anyone can move a company along the same path posthumously, it is Steve Jobs.

    Source: Gizmodo
    Last edited by Phillip Swanson; 08-24-2011 at 07:54 PM.

  2. #2
    What's Jailbreak? R0ck1t's Avatar
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    wahhh steve i miss you already

  3. #3
    iPhone? More like MyPhone
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    Hope apple will survive without Steve jobs.
    Nothing in life is easy.

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    iPhone? More like MyPhone maddawg05's Avatar
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    Just checked Apple stock and it's up by $2?!?

  5. #5
    Fine. Steve jobs. Not for apple.

    Steve Jobs for President of the United States lol

  6. #6
    Why don't you guys just get on your knees for him! Lol

  7. #7
    My iPhone is a Part of Me Donnutt's Avatar
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    Quote Originally Posted by Silverado1987 View Post
    Fine. Steve jobs. Not for apple.

    Steve Jobs for President of the United States lol
    One things for sure, if he were president, We wouldn't be in debt! We would be the richest company...err country in the world!

  8. #8
    Whats that big dip around 2008? Anyone mind explaining that?

  9. #9
    Livin the iPhone Life
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    ^The housing crash, S&P @ 666, TARP, multi-$B bank bail-outs, etc

  10. #10
    Livin the iPhone Life
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    People are taking this way to seriously. There are MANY more people responsible for the stability and day-to-day operations that keep Apple going than just Steve Jobs. I swear some of you sound like you want to throw yourself off a cliff and he hasn't even LEFT Apple. He's still very much involved with their operations.

    So grow up and chill the hell out. Everything will be fine. Jeez.

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