We used to say that when Steve Jobs was coughing, the stock performance of Apple caught a cold. Every bad news about the health of the iconic head of the Apple brand has consistently led to a fall in the share price of the group, which has become the second market capitalization of the world, behind ExxonMobil in September 2010. August 9, valuing the group of consumer electronics was even briefly stolen oil giant, its value as the most expensive in the world. After Steve Jobs took a medical leave in January, as Apple had also lost 2.25%.
So when he announced his resignation last night of all operational functions at the head of the company, investors have spent immediately sell orders.The dissemination of news, Steve Jobs himself, in a letter first to the employees of Apple and the user community has immediately led to a 7% drop in share price of Apple Wall Street, in electronic trading outside the meeting.
Thursday morning, these electronic exchanges indicate a somewhat smaller decline, the stock is folded from 5.07% to 357.10 dollars at 9:20 French time. But, surprise, the opening of the U.S. market on Thursday afternoon, Apple will stop the title than 2.04%, while at the same time, the Dow Jones ahead by 0.4% and the Nasdaq, the Index of U.S. technology stocks, rose 0.18%.
Investors have had time to digest the announcement of the withdrawal of Steve Jobs.After the anguish aroused by the immediate departure of the iconic boss, they resumed their minds based on the prospects of the group, which still has new products in the pipeline for 2012 and 2013.
The misfortune of some often making others happy, the resignation of Steve Jobs plays an accelerator for the competing groups. In Asia this morning, Foster Electric, Kimoto and Murata Manufacturing grew and respectively 5.61%, 1.75% and 3.38% in a market well oriented but advances only 1.5%.