Jobs’ Medical Leave Notice Causes Stock to Plummet

This morning, Mr. Jobs sent out a company-wide email notifying employees that he would be taking another medical leave. This letter caused Apple’s stock to drop 9.7% in the Frankfurt Stock Exchange. It’s hard to be surprised, considering Steve Jobs is the life-force of Apple. U.S. markets will be reopening tomorrow morning, and a similar drop is expected. This could be an excellent time to invest, though if Jobs’ condition deteriorates further, so will Apple’s stock.

The idea of a Jobs-less Apple is worrying to investors and users alike, since Jobs has proven to be one of the most influential leaders in the industry—and the sole reason for Apple’s incredible success. Without proper guidance, Apple could eventually become just like any other tech company. And nobody wants that.


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