After the announcement of Steve Jobs's resignation, Apple's stock experienced a notable increase, climbing nearly 7%. This surge reflected a significant reaction from investors, particularly those on the East Coast, who expressed concerns about the stability and leadership within the company, often associating it with a laid-back California culture.

The departure of both Steve Jobs and co-founder Steve Wozniak seemingly alleviated some of these anxieties among shareholders. Their exit marked a shift that left stockholders feeling more secure about the prospects of Apple's future leadership and direction.