Following the news that Apple CEO Steve Jobs is taking yet another medical leave, this one indefinite, some finance types got their feathers all ruffled, wondering if it would negatively impact the iKingdom‘s worth. But if you look at Wall Street, Steve Jobs health issues are not impacting Apple’s stock price.
Apple Stock Is Doing Really Well!
Well calm yourselves, kiddos. Everything’s a-ok — and by “a-ok” I do mean “ridiculously above average.” With news that Apple‘s Q1 earnings were crazy strong — stock at $6.43 a share, up to a whopping 75% from a year ago — investors are still hungry for a bite of the Big Steve Jobs Apple. For the time being, there’s no need to panic. If this past quarter’s iPad sales are any indication, there’s no slowing down in sight for Apple.
Steve Jobs Health Concerns
If Jobs is going to take some time off to take care of his health, now’s as good a time as any to bow out for a while. He will still serve as CEO and be active in major decisions. But it looks like Tim Cook will start running day-to-day operations. Get well soon Steve!