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