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FOR IMMEDIATE RELEASE — Technoreporter.com (Press Release) – Nov 04, 2011 -Steve Jobs, died recently. We all know that, but we do not know what will happen with the market value of Apple after the death of Steve Jobs.
Apple is a technology company that has the largest market value since 1999 after beat Microsoft from throne of market. The victory of Apple is long enough, about 12 years. Wow! Its amazing! FactSet Research Based on Friday’s close (30/09/2011), Apple’s market value reached 362 billion U.S. dollars. Ranked second was IBM with 208.84 billion U.S. dollars, as well as the Microsoft of 208.54 billion U.S. dollars.
No doubt that Steve Jobs is the central figure at Apple, but Mark Gongloff (market analysts) has argued that the death of Steve Jobs less impact on Apple’s market value changes. Mark Gongloff in his blog, MarketBeat in The Wall Street Journal Online, argued that investors had anticipated in its own way as the title of CEO Steve Jobs gave to Tim Cook, the end of August 2011.
Facts prove when Steve Jobs back from Apple, the company’s stock did not fall and instead create a new record for the increase. But in a few weeks later, it turns out Apple’s stock slumped, making all parties miss on Steve Jobs.
On May 31, 1985, when Steve Jobs was fired by CEO John Sculley, Apple’s stock price only 1.98 U.S. dollars, this is a very low value.
Then it proved that Steve Jobs is not only a genius in technology, but also in management science. On December 20, 1996, Steve Jobs back into Apple, and cut many parts of production are less important and introduced the iMac. These measures have a major impact for the rise of Apple. Even in the era of the rise of the Internet around 2000, Apple’s stock increased by 10 fold. Steve Jobs managed to embed a unique image that represents the image of him. Although Mark Gongloff concluded that the death of Steve Jobs at Apple’s stock is less influential, but he seems to recognize that the key to Apple’s success so far is Steve Jobs.
“Apple’s stock value has increased more than a hundred folds by Steve Jobs. His reputation so far is priceless,” said Gongloff.
We all certainly agree with Gongloff, and maybe finally we have a question that is almost the same. How is the development of Apple’s market value in the long run after Steve Jobs era? Shock of Steve Jobs’s death would not immediately reflect and may take some time. Time will speak all things.