So much for the idea that Apple (AAPL) would be screwed without Steve Jobs.
Shares of the company have come within a penny of $140, 62% higher than they were before the company announced that its CEO would take a leave, and 75% higher than they traded immediately after the news. At its current levels, it’s now back to its price in mid-September, before the financial/economic crisis really it.
In addition to the loss of its CEO, the past few months have brought a slowdown in certain key business lines, further highlighting the tenuous link between actual performance and stock performance in the short term.
Disclosure: The author owns Apple shares.
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.