Posts Tagged ‘Apple’

Apple Up Big After Hours on a Better than Expected Earnings

Posted January 21, 2009 by Bernz

ipodApple stocks up over 8% in after hours trading after reporting that it earned $1.61 billion, or $1.78 a share, easily beating analyst estimates of $1.39 a share.  Apple said its sales reached $10.17 billion topping estimates with Ipod and Mac laptops leading the surge in sales.  And this is inspite of a lagging economy.

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Jobs – Jobless for six months…Now what?

Posted January 15, 2009 by Bernz

Apple Inc. CEO Steve Jobs announced yesterday afternoon that he will take a medical leave of absence until the end of June to deal with health issues.  Last week he announced to the world about his problem with hormone imbalance, now he learned that his medical condition was more complex than previously thought. According to his letter to Apple employees he would remain involved in major decisions in the coming months.

stevejobsWill this be the end for Apple? Absolutely not! Not trying to underestimate the importance of Steve Jobs but  over the years he has surrounded himself with top executive brains to run Apple.  One of them is Tim Cook Apple COO who will take over the day to day running of Apple while Steve is on leave.  Plus of course their line of great products.

Let’s all pray for Steve…..

Shares of Apple stock tumble 5% to $80.25 to this writing.

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