Apple Stock Down 5%

The stocks opened today about 5% down from Friday – valuing at a loss of US$15 billion dollars  in the company’s market value. Have no fear – while billions of dollars seems mind blowing for us – it’s really just pennies for Apple.

The drop isn’t shocking – Yesterday Steve Jobs announced that he will be out on a temporary medical leave and COO Tom Cook will be taking over the day to day operations in his absence. Pretty sneaky move since it was Martin Luther King Day – a day when U.S. stock markets are closed – giving investors a day to process the announcement before making any sudden movements.

Analysts surprisingly remain calm – They believe Apple’s future is bright and this announcement isn’t as doom and gloom as one would think. Today Apple is scheduled to announce their quarterly revenue and some analysts believe that they will announce a 50% increase in revenue. This is just one week after their Verizon iPhone announcement.

Since the market opened the stock has already rebounded a few percent – so things are looking good for now. The last time Steve Jobs announced a temporary medical leave – stocks dropped 8%.  It’s hard to tell what will happen but as long as Jobs says he’s coming back, investors will likely hold onto their shares.

If Jobs doesn’t come back, Apple can expect trouble. With such a charismatic leader so closely tied to Apple’s massive fortune, it’s hard to say where the future would be without him.

Do you think that Apple can survive without Steve Jobs?

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3 Responses to Apple Stock Down 5%

  1. he’s gone off to die. Sell, sell, sell!

  2. As I previously said people, I hope to be back soon. We have some great things planned starting with my iFuneral in which you disgruntled suckers will get to pay $499 for each rotten iEgg (a beautifully glazed and decorated chicken egg with a crapple logo beautifully printed on it!) that you get to throw at my iCorpse. All high school dropout employees whom I have gingerly screwed over the years will also get an opportunity to return the favor to my corpse to your hearts content at $899 per 15 minutes. (Sorry no rainchecks). Finally, my inner circle iSpies and iCrones will get to desecrate my remains free of charge for all the “services” you continue to provide to steal, pillage, rat, and make me and my friends richer. I don’t know how many of you there are, but rest assured there will be enough to go around for a free sample for all of you. Tim Crook and Scott Foreskin get my liver. Guito Graffagnino also gets the remainder of my iPee undergarment. So long iSuckers!

    Steven P. Jobs

  3. Cancer my ass, the man has full blown aids. That’s what he gets for being a butt whore.