Apple Stock Effected By News, Company Won't Take A Big Hit In the Long Run
| By AMIR ALI SAID |
If you checked into any business channel over the past two days you'd know two things about Apple. They delivered strong reports and 78% profit. The other looming news however, dealt with Steve Jobs. His health is a problem once again, and Apple has now reported such. The news came a day before Apple was set to report. Thereby not effecting any part of the company's report. But you couldn't say the same for the stock as it was down seven dollars at one point in the day. Like the last time, the news of Jobs' health proved to be a problem for the companies stock.
Although the news of Steve Jobs health effected Apple's stock, I don't think it will ever effect the company's success. Apple is a company in it's own right that was helped along by Steve Jobs. But there are people in positions at Apple that could take over in the event that Steve Jobs is permantely out of the company because of health issues. Plus, the Apple products can sell themselves. I don't think anybody purchasing an iPhone or iPod thinks of Steve Jobs overseeing the every day operations of the company. Apple is company that can do as much on its own without Jobs, as it can do with him.
I think it's clear, more than ever, that Steve Jobs will most likely not be seeing Apple into the next "phase" of the company. His health seems to be taking a decline and it's not being told like that through the news. But as far as the company goes, no matter what, it will prosper. I think the innovation and research and development teams are already in place. So Steve Jobs leaving the company will certainly be a blow to the company, a sad time and event, but it will not stop the company's success in the long run. Maybe not even in the short term, except perhaps a couple of weeks.





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