Those rumors of Steve Jobs being in ill health aren’t doing the company any favors. Apple’s stock dropped some 11 percent overnight, despite the fact that the company pulled in $9 billion in profits, primarily fueled by record Mac sales. That Steve Jobs himself wasn’t present at the conference call raised investors’ suspicions.
The company’s CFO called Jobs’ health a “private matter,” which the always-jittery Wall Street didn’t take too well, Hence, the stock slide.
Apparently Wall Street is a little concerned over Apple’s perceived lack of planning for Jobs’ successor, especially since His Steveness is seen as the driving force behind Apple’s recent success.