Apple's stock price goes down just slightly after Jobs' death

Many people speculated that Apple's stock price would go down sharply if anything happened to its founder and former CEO Steve Jobs. But those fears were put to rest, at least for the moment. In trading today, Apple' stock price went down only slightly, .23 percent, on the day after Jobs passed away. The overall stock market went up about 1.5 percent in trading today. That shows that investors, while they may have questions about the future of an Apple without Jobs, are not yet panicking about the prospect.

Part of that attitude is that analysts believe that Jobs worked out a plan to release new products and updates a number of years in advance with Apple's current executive team, lead by its CEO Tim Cook. Some analysts believe that Apple's next big product launch might be an Apple-branded television running its iOS operating system. However, any new product launch is most likely several months, or even a few years, down the road.

In related news, Reuters reports that the TNT cable TV network will re-air its acclaimed TV movie Pirates of Silicon Valley tonight at 8 pm Eastern time and again at 10 pm Eastern time. The movie, which originally aired in 1999, starred Noah Wyle as Jobs in a loose retelling of Apple's rise in the late 1970s and early 1980s. After the movie aired, Wyle appeared and spoke as Jobs on stage at the beginning of Apple's keynote address at MacWorld before Jobs himself joined Wyle on stage.

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14 Comments

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jasonon said,
wow thats crazy how he just stepped down from CEO, he must've known this was comming
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Im pretty sure he knew,...

My conspiracy theory is, when it leaked a few weeks ago that he died but was then dismissed. I think he actually died back then, but they leaked it for a moment just to spook the market into preparing themselves for his death.Then said, oops, we were wrong he didn't die. Then they put him on ice, until just recently.

Not surprising; this was unfortunately not a surprise. There were images of Jobs on the Internet that showed him in terminal stage weeks ago. This was already "priced in" when the helm was turned over from Jobs.

Market works that way; not necessarily warm and fuzzy but - this was not a surprise.

Surprising, yes. Unless they knew this beforehand (what was said: that Jobs died the day of the iPhone4S or a few days before, which is why the stock fell)

BTW, if they knew this beforehand, isnt that illegal?

htcz said,
Surprising, yes. Unless they knew this beforehand (what was said: that Jobs died the day of the iPhone4S or a few days before, which is why the stock fell)

BTW, if they knew this beforehand, isnt that illegal?

If they knew he was dead before he died then that is prescient, not illegal.

BTW AAPL has been underperforming the market for a week now. You guys honestly need to stop trying to analyze stock prices.

ShareShiz said,
just gotta wait until the 14th to see it really drop..

when no one buys the iPhone 4S

I guarantee millions will be sold

ShareShiz said,
just gotta wait until the 14th to see it really drop..

when no one buys the iPhone 4S

To be honest I think if anything his death will increase sales of the iPhone 4S as technically it was his last pioneered product whilst he was alive.

Ently said,

To be honest I think if anything his death will increase sales of the iPhone 4S as technically it was his last pioneered product whilst he was alive.

I think so too.

Ently said,

To be honest I think if anything his death will increase sales of the iPhone 4S as technically it was his last pioneered product whilst he was alive.

I wish I had enough money to blow on a $200 token of appreciation to a dead guy (no disrespect to SJ). It's not exactly going to go up in price just because it was released after SJ passed.

Its a bit freaky if Jobs was planning a few years of product planning knowing he'll never be around to see the birth of any of them :-(

evo_spook said,
Its a bit freaky if Jobs was planning a few years of product planning knowing he'll never be around to see the birth of any of them :-(

and thats one thing that would make me really nervous as an investor.. because thats what microsoft was probably doing after bill gates but the environment changes and you need to be able to react quickly