Apple's common stock barely responds to the death of Steve Jobs
On Thursday, Apple traded in a range between $371.80 and $384.78 before closing at $377.37 for a loss of 88 cents on the day despite a 1.88% gain for NASDAQ. Volume was approximately 27% above average with 28 million shares changing hands. For the last 52 weeks, Apple has traded as high as $422.86 and as low as $285.26. At one point when the stock was above $400, Apple had the largest market capitalization (share price times number of shares outstanding) of all publicly traded companies in the world, beating out Exxon Mobile by a hair. Since then, the oil and gas company has reclaimed the top spot.
Apple went public on December 12th 1980, raising the most money in a IPO since Ford went public in 1956 and instantly created 300 millionaires on paper-the most ever created from a single IPO at the time. There is speculation that as a high profile stock, Apple could soon be asked to join the 30 stock Dow Jones Industrial Average.
Apple's stock price from 1984 to present (L); Steve Jobs celebrates Apple's IPO on December 12th 1980 (R)
1. remixfa (Posts: 14080; Member since: 19 Dec 2008)
they were smart with the announcement. had they let it get out in the morning it would have dropped like a rock, especially on the negative wave of the i4s announcement.
2. Well (unregistered)
I doubt. The market has priced Steve Jobs' death into the price of the stock since his cancer ailment was announced.
a long term short may be a good place. it would be based on the assumption that the new management team cannot innovate in the ways as the predecessor.
9. kainy (Posts: 165; Member since: 10 Aug 2011)
Well few days back ... Apple shareholders stated that they wanted to see Steve on stage when announcing the iPhone 4s, so they can be assured that that he is "than" involved with Apple after his resignation. With that said ... YES the stocks should drop and eventually they will...
19. Droid_X_Doug (Posts: 5926; Member since: 22 Dec 2010)
I think Apple's stock moved south on the heels of the iPhone 4S presser because Apple didn't do a very good job of managing expectations for the iPhone 4S. Michael H. filed an article that detailed the whole process pretty well, so I would suggest checking out the article.
As far as a long term short, how long term are you proposing? The next 2 to 3 (maybe 4 to 5) years are probably completely dialed in as regards iPhone, iPad, iCloud, iOS, and the whole Mac line. The uncertainty comes in years after 3 (or 5). That is where Tim Cook (and in reality, Jonathan Ive) are key to Apple's future success. If Ive leaves Apple, start worrying about Apple's future.
3. Brad (unregistered)
This is just a lame statement. His passing should have no impact. He had already bowed out and a new CEO put in place. Please move onto better reporting.
4. timo (unregistered)
with TIM on the leadership, i doubt apple would be able to compete with android.
the i4s is a real disappointment. tim has failed to bring what user want... 2 apple in 1 basket.... big 4"+ screen for man, and small 3.5" for woman. with this trending, apple should be considered lucky to be able to sell i4s in half the i4 volume.
tim need to go to ashram and use LSD to be able to have jobs charisma
5. Corpsemaker (Posts: 63; Member since: 10 Jul 2010)
Women like small screens huh? That generalization totally makes sense...
8. Random Reply (unregistered)
I sell phones for a living. And this is true, the MAJORITY of people the buy the iPhone are woman. The MAJORITY of men buy Android (due to larger screens). another trend I see on a daily basis is teens that like the Apple products. Not trying to piss anyone off. This is the trend that I see and it could be area based.
THIS IS JUST MY OPINION ON WHAT I HAVE EXPERIENCED PERSONALLY
11. Slammer (Posts: 1121; Member since: 03 Jun 2010)
As a field service representative for a repair company, I view this differently. Yes. I do see a percentage of women with iphones. The ease of use, is unmatched.
However, at the risk of sounding stereotypical, Dunkin Donuts is a large client of ours and I have not witnessed a DD owner that isn't of Muslim origin. Every one of these owners possess an iPhone. It seems to be highly prominent with Muslim and also Asian descent. Then if you drop to younger age groups, I would have to say collegiates are of the highest iPhone dominance. I can walk into any college and see mostly Apple products being used by students. This makes most sense as the iPhone was announced when most of this age generation was just entering college. College students are the most affluent in adopting trends. The iPhone is not only the epitome of technical trend, the iphone was also something this age group had never experienced or witnessed before. This helped spike the "Must have an Apple" generation.
Now, I actually see more teens with Android. This subsequently, will shape the coming of the newer student's adoption within the college years. A new trend of Android will start.
10. RORYREVOLUTION (Posts: 3042; Member since: 12 Jan 2010)
Generally women have smaller hands so they do not require larger screens to type on. Try typing on the OG Droid and then type on the Epic Touch, you'll notice how much easier it is to type on the Epic Touch due to the larger screen size. Thus it obviously is made for males.
12. timcook (unregistered)
at least woman wear smaller watch compared to man.
14. remixfa (Posts: 14080; Member since: 19 Dec 2008)
the latest report said the largest group of iphone users are 35+ high maintenance women. so.. maybe they do.. lol
16. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
Source? Last survey said iPhone users were more techy, better educated, higher incomes, more likely to be leaders and less likely to live in less populated areas.
15. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
iPhone 4S will sell in record numbers. Just sit back and watch the records fall.
7. G-Reg (unregistered)
Your seriously delusional if you cant see how his passing could affect stock. Hell, why do you think they announced it when they did.
That man just wasnt your average CEO. No need to be disrespectful to the man and the impact he has had on the computing industry
13. timcook (unregistered)
that man use LSD, and talk bad about bill gates... he say that microsoft product were tasteless, bill gates should go to ashram to make a better product. and must use LSD to be able to think different.
he also said in interview (search youtube for steve jobs interview), pick the one that around 7 minute length. and see that he said.... he would steal other idea, he don't care, he don't have a moral, he won't give credit to the real inventor.... he just care about himself.