Apple Stock Watch: Investors React to Steve Jobs Stepping Down as CEO (VIDEO)

Apple Stock Watch: Investors React to Steve Jobs Stepping Down as CEO (VIDEO)

Apple Stock Watch: Investors React to Steve Jobs Stepping Down as CEO (VIDEO)

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Aug. 25 2011 2:08 PM

Apple Stock Watch: Investors React to Steve Jobs Stepping Down as CEO (VIDEO)

Steve Jobs’ resignation has everyone obsessing about Apple's stock price. 

The world’s most valuable technology company lost nearly 7 percent in share value in after-market trading, but bounced back slightly the morning after Jobs announced he was stepping down as CEO to be replaced by longtime Apple COO Tim Cook.

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 Since Jobs returned to the company in 1997, Apple's share price has risen a hundredfold, and the company is poised to generate $120 billion in revenues this year. 

Jobs’ health has been a concern for investors ever since he revealed in 2004 that he had pancreatic cancer. But many analysts say that the Apple founder has groomed a management team that will ensure the company’s continued success.