Steve Jobs Leaves, Apple's Stock Soars

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Tuesday, September 20, 2011 Steve Jobs Leaves, Apple's Stock Soars Since Steve Jobs left his post as CEO of Apple, the stock has taken off, rising 10%. Somewhat surprising, since you would think the stock would tank after the company lost its visionary leader. Apple is trading at an all time high, closing today at $413. The company's market cap is $390, and it will soon be over $400 billion, giving it a very good chance to be worth more than Google and Microsoft combined. But, the Jobs situation was hanging over the stock, keeping it in a holding pattern. With him out, that uncertainty is out of the way. Also holding the stock in check -- the company deviated from its normal pattern by not releasing a new iPhone this summer. The next iPhone launch is expected in weeks, which is getting investors excited. Read » Also On SAI Today: Behind The Scenes Of A Startup Incubator, Where The Companies Get Bought By Google And Celebrities Invest Zynga Plans Big Event At New Headquarters On October 11 The Best Alternatives To Paying For Cable Here's What Sergey Brin Just Posted To Google+ After Not Using It For Weeks Advertisement CHART OF THE DAY: Facebook's Huge Trove Of Photos In Context CHART OF THE DAY: The iPhone Is Absolutely Slaughtering The Blackberry CHART OF THE DAY: Netflix's Stock Comes Crashing Back To Earth Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.wyldside@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the SAI RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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