Yesterday, after a shocking announcement from Apple revealing that Steve Jobs, the CEO, has decided to take a medical leave of absence to focus on personal issues analysts and investors all over the globe already started predicting how the stock’s future was going to look like. Many announced their deep concerns regarding this stock, but today after the latest quarter earnings came out, many were surprised. Apple reported $6.43 profit per share, compared to a $3.67 from last year and their sales soared to $26.74 billion compared to $15.683 billion a year ago. Both of these values exceeded expectations, which were a $5.40 share on sales of $24.433 billion. Shares today reached the relatively low number of $326, but regained some value and jumped to an all-time high above $347 during extended trading hours. In addition, Apple proved itself as stable as can be in this market by revealing the sale of 7.33 million Ipads, 19.45 million Ipods, 16.24 million Iphones and 4.13 million Macs. After this strong day for Apple shareholders, we should continue to monitor the market and observe AAPL’s performance in the next few days to foresee this company’s future.
The image of a founding chief executive is not the same for every company, but Monday’s announcement that Apple CEO Steve Jobs will depart for another health-related leave of absence illustrates the significance of a CEO’s presence in a company like Apple.
Apple’s stock declined 8-10% on European exchanges after the news was announced Monday morning (the Nasdaq and New York Stock Exchange were both closed for the Martin Luther King holiday), and a look back at what the stock did in 2008-2009, when Jobs took his first leave of absence to undergo an operation to remove his failing liver shows how much his well-being can move investors’ optimism in the company.
In 2008 Apple shares fell more than 50%, along with the overall market, just as rumors that Jobs’ pancreatic cancer had returned began circulating. The stock fell to a low point of $82.58 in November 2008. All we can do is hope for is Steve’s speedy recovery.
This video shows you the apps i have in my dock currently.
If any of you want to download any of these apps and want a tutorial on it, then just leave a comment and i’ll put up 1 in a day or so
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First look at the new updated Apple iPod Line of 2010/ 2011!