Apple's Crushing Victory Against Samsung Causes Shares to Soar Again
Just five days ago, we reported that Apple had become the world's most valuable company with shares rising to $665.15 at the close of trading in New York. However, yesterday's crushing victory against Samsung has somewhat unsurprisingly caused Apple's shares to soar even higher during the day's trading, peaking at $669.48, with an after hours value of $674.95. At the close of play, the share price ended up at $663.32.
Ironically enough, this victory comes a year to the day that Steve Jobs resigned as Apple's CEO. After Jobs' untimely death on October 5th last year, speculation was rife that the company would go into decline without his leadership and vision. However, the opposite has happened, with Apple's rise becoming almost meteoric, as can be seen in the graph below. Hence, it seems reasonable to ask if Jobs was actually holding Apple back? So, what do you think? Let us know in the comments.
Posted by | Sat, Aug 25, 2012 - 10:16 AM