Steve Jobs' Departure Has Almost No Effect On Apple's Stock

tim cook

Update, 9:45: Apple’s stock is off 2%, which is basically nothing.

Update, 9:34: Apple’s share’s are basically flat after a few minutes of trading, fluctuating between -0.80% and -1.3%

Original: Apple’s shares are only off 2.5% this morning in pre-hours trading, incredible considering the fact that it’s losing its iconic CEO.

The market seems to have A. priced in Jobs’ eventual departure, and B. realised the company is in good hands for the next few years.

We’ll be keeping an eye on the stock’s movement all day in this post.

Keep coming back for the latest.

Don’t Miss: Steve Jobs Will Remain Actively Involved In Major Products And Strategy

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

apple sai-us steve jobs