Wednesday, August 24, 2011

Steve Jobs Resigns From $AAPL

This is why I don't owned $AAPL. Steve Jobs has resigned from Apple. The stock is taking a hit after hours.

Of course I did miss the run up to $400.

But this will create some uncertainty around the company. The question going forward is what kind of valuation and risk premium will investors put on Apple?

It will be interesting to keep an eye on. The company has great products now but faces increasing challenges from Android.

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