New CEO Tim Cook (L) and former CEO Steve Jobs (R)
No Steve Jobs? No problem!
When
Steve Jobs announced that he
was resigning as CEO of Apple last month, many wondered how the market
would respond to the news. With Tim
Cook at the helm as the new CEO of Apple, investors need not worry -- in
fact, Apple's stock is performing better than ever.
AAPL hit a high of $411.85
today and is now hovering around the $410 mark with just under an hour left
before trading ends today. The stock is up 2.4 percent today while the overall
market is down 1.28 percent.
Apple
Inc. now has a market cap of $380 billion compared to $355 billion for Exxon
Mobile Corporation.
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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