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Apple Stock Takes A Dip As Steve Job Resigns [Headlines]

Apple shares drop by 3% with the announcement of Steve Job's departure from the company as CEO.

Caroline Ku
  • 29 august 2011

Steve Jobs‘s resignation as Apple chief executive has wiped billions of dollars off its stock market value as traders fret over the company’s long-term future without its visionary leader.

The news of Jobs’s departure sent Apple shares falling nearly 3% at the start of trading on Wall Street, knocking around $10bn (£6.1bn) off the company’s value. The fall was slightly better than the 5% decline predicted before trading began, and meant Apple shares were changing hands for $365 each. They rose above $370 by late morning and were trading just 0.6% down in mid-afternoon. Graeme Wearden/The Guardian.

Image by Erik Pitti via Flickr.

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