Apple shares hit new all-time high without Jobs

As if any more evidence was needed to show that the trading markets have a high level of faith in Apple’s new CEO Tim Cook, it came with the news that Apple stock is sitting at an all-time high of $410 per share.

TUAW state that this has shown a 7.2% gain over the three weeks since Steve Jobs resigned from the Cupertino based company. This was good news for Apple investors, but also good backing for Cook himself.

The markets are likely to have noticed the work that Cook has done with the company since 2009, in which he has helped push the company into domination of the tablet market, launched a number of new products and helped turn the company into a far more efficient operation behind the scenes.

Tim Cook has stood in for Steve Jobs twice during the past 10 years, once in August 2004 while Jobs recovered for cancer surgery and then again when Job’s took an extended leave of absence while he recovered from a Liver transplant in 2009.

Rumors have been building about the impending launch of Apple’s iPhone 5, with reports from unnamed sources stating that the official press conference will be held on October 5. Furthermore, the retail launch of the iPhone 5 will happen a week later, according to this source.

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The market is responding to the inevitable launch of iPhone 5 and the iPod line-up.
Not sure if it has anything to do with Tim Cook.

The market did responded to Tim Cook when Steve Jobs resigned.

Stocks fell.

Did anyone really think Apple would plummet? Lets check back in a few years. Apple could stop building anything right now and maintain their current momentum for some time.

Rooster69 said,
Did anyone really think Apple would plummet? Lets check back in a few years. Apple could stop building anything right now and maintain their current momentum for some time.

Wait, what? Explain to me how a company producing nothing can keep going?

Rooster69 said,
Did anyone really think Apple would plummet?

It should have plummeted when Apple should have announced Jobs' original illness departure and surgery, etc.

How Apple's execs failed to go to prison for that massive stockholder fraud, I have no idea...

Oh wait, I remember why! It was during the Bush administration...

techbeck said,

Wait, what? Explain to me how a company producing nothing can keep going?

I think maybe Rooster69 means stop making new products..

Okay, you realize that Jobs is still involved with the company in some capacity, but also that Tim Cook has been functioning like he has been for far longer than the formal announcement?
This post is trash and rehash.

AeonicVision said,
Okay, you realize that Jobs is still involved with the company in some capacity, but also that Tim Cook has been functioning like he has been for far longer than the formal announcement?
This post is trash and rehash.

Apple's HUGE PR budget hard at work...

AeonicVision said,
Okay, you realize that Jobs is still involved with the company in some capacity, but also that Tim Cook has been functioning like he has been for far longer than the formal announcement?
This post is trash and rehash.

I don't see how this is a rehash? The stock price is at a record high, that's news.

AeonicVision said,
Okay, you realize that Jobs is still involved with the company in some capacity, but also that Tim Cook has been functioning like he has been for far longer than the formal announcement?
This post is trash and rehash.

Pretty much. Just how Gates "retired" from MS. He still has some involvement in the company.

DomZ said,

I don't see how this is a rehash? The stock price is at a record high, that's news.

No it isn't.

It's just the stock market - online gambling for the well-heeled.

And there are millions of "record highs" every single day.

excalpius said,

No it isn't.

It's just the stock market - online gambling for the well-heeled.

And there are millions of "record highs" every single day.

Yes it is news, because most people assumed the share price would fall when jobs left his CEO post.

Also dunno what rock you've been living under, but stock prices are all over the news lately and it's not because of the "millions of record highs every day" that you claim, it's for the complete opposite which is exactly why this is relevant news..