Apple shares tumble after Jobs resignation announcement

Apple, Tech Digest news

Apple-logo.jpgApple’s share price has taken a fair hit following the news that long-time CEO Steve Jobs is stepping down from his position, presumably over healh reasons.

Apple made the announcement following the close of the NASDAQ stock exchange on Wednesday evening. However, after-hours trading still saw Apple lose somewhere around $18.6 billion in market value all the same.

The company closed the day at $376.18 a share, but was down $20.18 per share to $355.99 in the hours after news of Jobs departure had spread.

Despite already being down one-twentieth of the value the company held prior to Jobs’s resignation, the real test will be today when the NASDAQ re-opens proper. If history is to repeat itself, Apple shares dropped 10% in the wake of Jobs’s first medical leave period in 2009.

Regardless, Apple’s shares have grown 6,681.8 per cent during Jobs’s second go at the CEO role according to Forbes, a quite remarkable feat. It’ll be interesting to see if the market has similar faith in Tim Cook, the former Apple COO who now takes over in the CEO hot seat.

Gerald Lynch
For latest tech stories go to


  • If you thought size was a problem with dress shoes and that getting really good wide width dress sandals was next to impossible, you need to think again.The women’s Softspots dress sandals are available in a wide range of sizes and widths.More notably when you are taller than your groom try to avoid high heel shoes.

  • Thanks for taking the time to talk about this, I feel fervently about this and I take pleasure in learning about this topic. Please, as you gain information, please update this blog with more information. I have found it very useful.

Comments are closed.