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Wednesday, October 5, 2011

affect of steve jobs death on apple share price

affect of steve jobs death on apple share price ; Steve Jobs, Apple Inc's co-founder and former CEO who died on Wednesday after a long battle with pancreatic cancer, created a series of seminal electronics products, reinvented several industries, and built Apple into a $350 billion juggernaut.

Widely hailed as one of the greatest CEO's in history, Jobs handed the reins over to longtime operations chief Tim Cook in August, and many analysts believe the company is well-positioned for the future. But his death still leaves many questions.

Acer was once the world's No. 3 PC vendor, but the advent of Apple's iPads cut into PC sales and forced Acer to change directions to meet the challenge early this year.

Jobs' death did not have an immediate impact on Hon Hai Industry Precision Co., a key producer of iPhones and iPads. Its share prices rose about 2 percent early Thursday on expectations that recent Apple price cuts will bolster the Taiwanese company's revenues.

What will happen to Apple's share price?

Jobs' health had been an issue with investors for years (he was diagnosed in 2004), but that has not stopped Apple shares from marching higher. The stock moved little when Jobs announced in August that he was stepping down as CEO, and it moved little in after-hours trading after the announcement of his death Wednesday.

The biggest factors affecting the stock currently are the reliability of its iPhone and iPad product pipeline, and how well the company wards off smartphone challenger Google Inc and burgeoning rival Amazon.com Inc.

What will be Apple's "Next Big Thing"?

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