Amidst Rumors About Jobs Health Problems, Apple Shares Drop
By Max Brenn
11:00, July 22nd 2008
11 votes
Vote this story
Amidst Rumors About Jobs Health Problems, Apple Shares Drop

On Monday, an article in the New York Post has reopened the debate about Steve Jobs allegedly health problems.Quoting an unnamed Wall Street source, the New York Post said that Apple's hedge fund investors are very worried after Steve Jobs appearance at MacWorld 2008.

In June, Apple downplayed the rumors rumors and speculations regarding Steve Jobs’ health. The company has issued a statement saying that he was affected by “a common bug”. Apple’s spokesperson noted that he had received antibiotics as treatment and is now recovering. After his speech at WWDC, some major news sites and various blogs have commented about Job’s physical appearance. Apple’s CEO appears to have lost some weight and he looked a little pale.

But since then the company didn’t provide any other update on Jobs’ health. The New York Post noted also that other people who have met with Jobs in the weeks surrounding the introduction of the iPhone 3G on July 11, said they came away troubled by his thin appearance.
Jobs’ health is a reason of concern, because he was diagnosed with pancreatic cancer in October 2003, but Apple did not announce the illness until nine months later, in July next year. Jobs underwent a successful surgery in August 2004.

Jobs is considered by many analysts as the man who saved Apple, after he returned to the company in 1996. Jobs, who co-founded Apple, resigned in 1985. But he returned as CEO when Apple bought his company, NeXT. He became Apple’s permanent CEO in 2000.

Since his return, Steve Jobs has been involved in all Apple major achievements such as the launch of iPod and iTunes and the company’s transition to Intel-powered Macs. In 2006, after Job’s speech also at WWDC, several news sites reported that he has health problems, but Apple dismissed the information as rumors.

However, late Monday Apple announced financial results for its fiscal 2008 third quarter ended June 28, 2008.  Apple posted revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share. These results compare to revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share, in the year-ago quarter. Gross margin was 34.8 percent, down from 36.9 percent in the year-ago quarter.

International sales accounted for 42 percent of the quarter’s revenue. During the last quarter Apple shipped 2,496,000 Macintosh computers and 11,011,000 iPods. Quarterly iPhone units sold were 717,000 compared to 270,000 in the year-ago-quarter.

However, in unofficial trading after the close of the stockmarket, Apple's shares slumped by 11% to $148.



© 2007 - 2008 - eFluxMedia
Share the News:
Del.icio.us Digg Stumble Upon Facebook Newsvine Mixx
dotclear

Other News in Technology

Microsoft's Photosynth Creates 3D Environments from Photos

Microsoft's Photosynth Creates 3D Environments from Photos

Microsoft released its innovative Photosynth software and website, which enables the apparently easy creation of a 3D environment which is navigable and can be uploaded for sharing on Photosynth.net....

Intel and Yahoo to Bring Internet Channel to TVs

Intel and Yahoo to Bring Internet Channel to TVs

Intel and Yahoo have announced a partnership aimed at bringing a Widget Channel to TVs. The leading chipmaker will contribute, well, a chip, designed specifically for web-connected devices, which...

Microsoft Hires Jerry Seinfeld to Bite Apple’s Mac vs. PC Ads

Microsoft Hires Jerry Seinfeld to Bite Apple’s Mac vs. PC Ads

As part of its strategy to counter the negative perception of Windows Vista and the Apple Inc.’s aggressive and successful marketing, Microsoft hired world-wide known comedian Jerry Seinfeld as its...

Hillcrest Labs Challenges Nintendo Giant Over Wii Remote Patents

Hillcrest Labs Challenges Nintendo Giant Over Wii Remote Patents

A small Rockville technology company requested a U.S. trade panel on Wednesday to prevent Japanese video gaming giant Nintendo from importing its popular Wii video game system in the United...

Comcast’ New Management System to Limit Speed of Heavy Net Users

Comcast’ New Management System to Limit Speed of Heavy Net Users

Comcast, the country’s largest Internet service provider, said it plans to implement a new policy in order to solve the problem of heavy traffic users. The new traffic management system is called...

dotclear
Latest videos in Technology
Pokemon World Champion crowned
Surf the Web at 30,000 feet
Small SUVs Improve in Crash...
A fix for iPhone?
Police in India Aim to Head...

dotclear
Technology You are here: Technology
» Technology   » Gadgets   » Video Games   
E-mail To A Friend Print RSS Text size: Decrease font size Increase font size
dotclear
dotclear
dotclear
Most Popular in Technology
Update 1: Google Pushes Hard For White Space UsageUpdate 1: Google Pushes Hard For White Space Usage

» read full story
dotclear

Interested In This Topic?

News Alert will keep you informed. Find out more.
dotclear
Today's Latest News
Jessica And Tony Laughed Off Carrie's Claim He Still Calls HerJessica And Tony Laughed Off Carrie's Claim He Still Calls Her

» read full story
dotclear