Apple's stock went up a full point, or almost 7%, when Jobs's resignation was announced. East Coast stockholders always worried about California flakes running the company, explained the editor of a tech stock newsletter. Now with both Wozniak and Jobs out, those shareholders are relieved.
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...
