A company that innovates, revolutionized by some accounts, and is highly profitable tends to have stocks that increase in value. Sometimes by a whole lot. Apple sales have continued to grow (with the exception of the most recent fully-reported quarter). Their profit margin per-unit is still the highest in the industry, and their approach is held up as the bar to meet or exceed. Whether you like Steve Jobs and/or his politics (which I don't - but Gates isn't any better), Apple has been insanely successful. Stocks reflect that success (just as they have dropped when the infrequent bad news comes out - such as this speculation on Job's health). Jobs has been the driving force at Apple. In their structure - no product is introduced (or even put through full development) unless he ok'd it. Further, many innovations even of recent have originated with Steve and his vision. Yes, Apple has a talented team. I believe that is not only because Steve has always insisted on keeping talent. I also believe that there are a least a couple of people within the operations at Apple that Steve would be comfortable with running the company. Even driving force type folks eventually want to retire (assuming they don't die first). Bill Gates already took that route.
very simple. By continuing to cover for Steve’s health and not being honest with the press, any bit of news/rumors about Jobs would cause the stock to take a hit. Had Apple been forthright from the get go about the seriousness of Jobs health and the fact they have (and always) had a great team of people to lead Apple if Jobs wasn’t able to work (this should have been uttered by Jobs himself) none of this would have caused the stock to drop as it has. The idea that Apple will suffer if Jobs is gone is just ludicrous!!! Apple is NOT A ONE MAN COMPANY! And the person taking the biggest financial hit is Steve Jobs himself. Just a stupid stupid move on his part.
btw perception is reality, esp with stocks. Apple put forth a false perception instead of dealing with the cold reality of Steve’s life threatening health problem. Stocks fluctuate but the current drop wasn’t due to economic issues. It dealt with Jobs and Apple lying about Jobs’ condition. Apple should have done what the Clintons always did and got the dirty stuff out fast and early and when it did then come to light, they just would say it’s old news and move on. Worked like a charm for them.
And it just gets worse for Apple..
read and weep if you are an Apple Share holder..
Apple Sales still were growing... just at a slower rate that the same quarter grew last year, 1% less growth.