I generally prefer to analyze companies that aren't incredibly popular to the public eye, but this story has intrigued me. Steve Jobs, Apples beloved CEO has decided to take his second medical leave of absence in the last two years. The timing of this announcement is interesting, as it came the day before quarterly profits were announced to the public. Profits surged 78% during the 1st quarter to $6 billion as consumers clamored for iPhones and iPads. However, the fabulous news of the company’s profits was overshadowed by the announcement of Steve Jobs. In fact, Apple's shares dropped well below 3% (1/18/2011) to roughly $325.
Should investors be worried about the absence of Steve Jobs? No. Think about the timing of this announcement (which helps prove Steve Jobs is a level 5 leader). Just one week ago, Verizon announced the long anticipated arrival of the iPhone. Analysts believe that the iPhone's market share will increase from 25% to 36% of all smart phone users. Also, as stated previously, the announcement came a day before quarterly earnings were publicized. Net Income has rocketed up to $6.43 a share while sales soared above 71% to $26.74 billion. The statistics prove that Apple continues to sell merchandise based off its different and broad scope. Steve Jobs obviously cares more about the overall success of the company than himself and has put the company in good hands with Tim Cook. I personally believe this “worry stage” of Steve Jobs will likely come to a hault, as the company’s numbers will soon overshadow his temporary absence. As for now, I would recommend holding onto my shares of Apple.
http://www.washingtonpost.com/wp-dyn/content/article/2011/01/19/AR2011011900080.html
Should investors be worried about the absence of Steve Jobs? No. Think about the timing of this announcement (which helps prove Steve Jobs is a level 5 leader). Just one week ago, Verizon announced the long anticipated arrival of the iPhone. Analysts believe that the iPhone's market share will increase from 25% to 36% of all smart phone users. Also, as stated previously, the announcement came a day before quarterly earnings were publicized. Net Income has rocketed up to $6.43 a share while sales soared above 71% to $26.74 billion. The statistics prove that Apple continues to sell merchandise based off its different and broad scope. Steve Jobs obviously cares more about the overall success of the company than himself and has put the company in good hands with Tim Cook. I personally believe this “worry stage” of Steve Jobs will likely come to a hault, as the company’s numbers will soon overshadow his temporary absence. As for now, I would recommend holding onto my shares of Apple.
http://www.washingtonpost.com/wp-dyn/content/article/2011/01/19/AR2011011900080.html
No comments:
Post a Comment