The Question About Steve Jobs Has Been Did He Or Didn’t He
After a report on the Internet that Steve Jobs of Apple Inc. had suffered a heart attack send Apple’s stock plummeting. Although Apple immediately stated that this was not true it had people questioning while the stock closed down 3.03 percent.
The report on the Internet claimed that Jobs had been rushed to an emergency room after suffering a major heart attack appeared on iReport.com and caused many of Apple’s investors to panic. This false report cause Apple to see the lowest stock closing it has seen in 17 months. The panic during the day of trading because of the false report proved that shareholders feel that Jobs is Apple Inc. according to reports that have come out since the event.
This comes after the recent concerns about Jobs and his answer to it when he appeared to be thin in recent months. During his introduction of the new iPod digital players he walked out on to the stage with a screen that flashed a Mark Twain quotation, “The reports of my death are greatly exaggerated.”
Another reason for the sluggish trading in Apple shares is due to the Barclays Capital report that it has slashed it price target on Apple from $180 a share to $135.