Skip to: Content
Skip to: Site Navigation
Skip to: Search

September 8, 2008 4:12:38 AM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Apple Stock Dives Amid Jobs Health Rumors

Posted Jul 22, 08 4:00 AM CDT in Business 

(Newser) – Apple reported one of its best third-quarter results ever yesterday, but its stock took a 17% nosedive amid rumors that CEO Steve Jobs is in poor health, reports the San Jose Mercury News. Jobs, who beat pancreatic cancer four years ago, appeared gaunt at a conference last month. Investors were also rattled by the company's conservative outlook for the fourth quarter.

An Apple spokesman reported very healthy Mac and iPhone sales but caused anxiety among investors by announcing that an upcoming "product transition" would hurt fourth-quarter profits. He sidestepped a question about Jobs' fitness. "Steve has no plans to leave Apple," he said. "Steve's health is a private matter."

Source San Jose Mercury News

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • What We'd Like Steve Jobs to Do Before He Dies

    Aug 29, 08 11:35 AM CDT
    What We'd Like Steve Jobs to Do Before He Dies No word from Steve Jobs on whether he made it through all 17 pages of his own obituary, published prematurely by Bloomberg on Wednesday, but news organizations all over have been having fun at Bloomberg's expense. Forbes went one step farther last night, posting a list of the five things the mag would like the Apple co-founder to create before he actually does die. 
    More »

  • Colleges Make iGadgets Part of Course Load

    Aug 21, 08 1:10 PM CDT
    Colleges Make iGadgets Part of Course Load Some US universities have started handing out free iPhones and Internet-enabled iPods to students, the New York Times reports. The institutions view the gadgets as tools for online research, student polling, and as-yet undeveloped educational applications, while Apple gets an in with a new generation with consumers. Professors with easily distracted students stand to lose out, however. More »

  • Dropped Calls Plague New 3G iPhone

    Aug 16, 08 1:00 PM CDT
    Dropped Calls Plague New 3G iPhone Owners of 3G iPhones complain that their new phones are suffering from glitches, especially dropped calls—and that Apple seems keen to drop their calls when they report issues, ABC News reports. A company spokeswoman refused to comment when contacted about the iPhone problems, which also include slow web access and a lack of access to AT&T's network.
    More »

  • Best Buy to Sell iPhone

    Aug 13, 08 2:08 AM CDT
    Best Buy to Sell iPhone Electronics retail giant Best Buy will begin selling the iPhone in its 970 stores next month—becoming the first retailer to stock the line other than Apple stores and AT&T outlets, which often run out of the popular phone. Best Buy is the only outside retailer to have exclusive rights to sell the iPhone until Christmas. Customers have snapped up one million of the second-generation phones this summer.
    More »

  • App Store Selling $1M a Day: Jobs

    Aug 11, 08 9:01 AM CDT
    App Store Selling $1M a Day: Jobs The iPhone’s new App Store has exceeded the company’s wildest expectations, tallying up average sales of $1 million per day, Steve Jobs said today in an interview with the Wall Street Journal. Apple’s on pace to make $360 million from the store this year. “This thing's going to crest a half a billion, soon,” says Jobs. “I've never seen anything like this in my career for software.” More »

Apple CEO Steve Jobs introduces the new Apple iPhone as he talks about sales around the world at the Apple Worldwide Developers Conference in San Francisco, Monday, June 9, 2008.   (AP Photo/Paul Sakuma)
Apple CEO Steve Jobs announces the release date for the new Apple iPhone 3G at the Apple Worldwide Developers Conference in San Francisco last month.   (AP Photo/Paul Sakuma, file)
In this June 9, 2008 file photo, attendees applaud as Steve Jobs announces that the entry level Apple iPhone 3G will cost $199 during his speech at the Apple Worldwide Developers Conference.   (AP Photo/Eric Risberg, file)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 1)

Tags

Apple  • iPhone  • Steve Jobs  • investors  • stock


Loading...

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »