As last week ended, Apple stock closed above US$400 (as we publish this AAPL is at an all-time high of $410). What’s more interesting is that AAPL has climbed 7.2 percent between last Friday, September 16 and August 25, when Steve Jobs announced his resignation.
A 7.2% gain in about three weeks is impressive, but even more so on the heels of Jobs’s departure. When Steve took a medical leave of absence in 2009, anxiety was high among Apple’s investors and customers (not to mention Steve’s friends and family). Then COO Tim Cook acted as interim CEO, guiding Apple through several successful product launches.
Surely Cook’s performance in 2009 has tempered the market’s hesitation now that he’s working as CEO. It’s a nice show of faith in Tim’s abilities, and a promising start to the Cook-era Apple.
Apple up 7.2% since Jobs resigned originally appeared on TUAW – The Unofficial Apple Weblog on Mon, 19 Sep 2011 12:35:00 EST. Please see our terms for use of feeds.
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