Hudlin Entertainment Forum

How Ya Livin' => Technology => Topic started by: Magic Wand on September 20, 2011, 04:25:58 pm

Title: Steve Jobs Leaves, Apple's Stock Soars
Post by: Magic Wand on September 20, 2011, 04:25:58 pm
from Business Insider:



Since Steve Jobs left his post as CEO of Apple, the stock has taken off, rising 10%. Somewhat surprising, since you would think the stock would tank after the company lost its visionary leader.

Apple is trading at an all time high, closing today at $413. The company's market cap is $390, and it will soon be over $400 billion, giving it a very good chance to be worth more than Google and Microsoft combined.

(http://static5.businessinsider.com/image/4e78f7406bb3f7c16100000c/chart-of-the-day-apple-stock-after-steve-jobss-resignation-september-2011.jpg)            But, the Jobs situation was hanging over the stock, keeping it in a holding pattern. With him out, that uncertainty is out of the way.

Also holding the stock in check -- the company deviated from its normal pattern by not releasing a new iPhone this summer. The next iPhone launch is expected in weeks, which is getting investors excited.