Following the news that Apple CEO Steve Jobs is permanently stepping down from his role and handing over the reigns of the company he co-founded to former COO Tim Cook, the company’s share prices has been a bit wobbly. Click here for a run-down on the latest Apple share news.
Are you speculating on the future fortunes of the world’s biggest tech company? Perhaps you’d like to put your money where your mouth is? Paddy Power have today announced that they’ll be accepting bets on Apple’s closing share price for the year 2012.
Apple’s share price opened today at $359, and Paddy Power have the odds set at 5/2 that the company’s share fortunes remain between $350 and $399.99 come the end of the year.
The shortest price available is 9/4 on the price dropping below the current price to between $300 and $350.
“Since his return Steve Jobs genius has kept Apple at the top of the food chain, Tim Cook who’s taking over certainly faces a challenge and only time will tell if he’s up to the task!” said a Paddy Power representative.
Paddy Power certainly don’t put much faith in Tim Cook raising share prices considerably. They’ve put odds at an unlikely 5/1 for the shares to rocket to $400 or more by the end of 2012.
Here’s a full run-down on the odds:
8/1 Under $200
6/1 $200 to $249.99
3/1 $250 to $299.99
9/4 $300 to $349.99
5/2 $350 to $399.99
5/1 $400 or more