News sources have confirmed the return of Apple’s Steve Jobs. Apple Inc. has also released a confirmation of the latest information. After a lengthy ordeal with cancer, Jobs has returned to work. But what does this mean for Apple (AAPL)?
Shortly after Jobs and Apple announced that he was stepping down as CEO for health reasons, Apple’s stock bottomed out at around $79 per share. The company was suffering mostly from the unfortunate recession scares in early January, and then the Jobs news compiled onto the slide.
Analysts and consumers were wary of the company’s success at such unprecedented times. Apple has always been characterized by their high margins on products and strict price control. The company was never considered to be a market recession company–one that would outlast tough markets.
Fortunately for investors, Apple’s stock made a steep recovery following the announcement, and even in the difficult economic times, was highly successful. Further updates of the iPhone and iPod lineup has continued to fuel high revenue growth.
All the while, Jobs was out of the picture. But now, today, Jobs is back. Apple’s stock finished down $0.47 to $141.97. Investors should begin to notice that while Jobs is a revolutionary figurehead, Apple isn’t dependent on him. The creative genius in Apple is diversified among the top executives, Jobs is just a piece of the puzzle.
We may not have heard the end of his battle with cancer and his general health, but we’re still hoping for the best. Nonetheless, whether he is or isn’t present, Apple will still be the highly successful, creative company that we love.
Subscribe By Email
