Just a couple of hours ago, Steve Jobs announced that he’d be taking some time off for medical leave, and Tim Cook would be standing in to oversee the day to day operations of Apple. Despite the fact that Jobs will remain as CEO, stocks have already taken a hit, with shareholders gambling against Apple without Jobs at the helm.
Stock in Frankfurt dropped almost 8% at its worst, but has climbed 1.5% since then. We can’t see the effect on the US market yet, as it’s Martin Luther King day over in the States, but it will be interesting to see how many shareholders follow suit when trading opens in America tomorrow.
The upside is that if you’ve always dreamed of buying Apple shares, now might be the time. If the US follows Frankfurt’s lead, then there might be space to take a minor gamble and snatch up some stock.
The same thing happened last time Jobs took time off ill, and Apple survived it without a scratch. Tomorrow we’ll be listening in on the Apple earnings call, where hopefully we’ll get some info about what’s happened to Apple today.
Will you invest in Apple in light of Steve Jobs’s sick leave? Shout out in the comments!
[via Digital Daily, image: Yahoo]
