The news of Steve Jobs retiring from Apple has not fared well for Apple’s stock (AAPL). As the announcement of Steve Jobs stepping down as CEO of Apple its shares dropped 6% when trading was halted of Apple stock.
Apple stock trading was halted to let investors think about the new CEO before trading resumed, however stocks still fell an additional 5% in after hours trading. Hopefully Apple can increase investor confidence before the trading floor opens again tomorrow and Apple stocks continue to drop.
Tim Cook has some very large shoes to fill.