Apple News, Analysis and Podcasts

In the wake of Steve Jobs announcing his resignation as CEO of Apple. Inc. this past Wednesday, Apple stock took a $19 plunge in after hours trading, costing AAPL nearly 5.6% of its value. The news of Jobs resignation could hardly be considered unexpected, but would this be a sign that investors viewed Apple as a one-man show or was the after-hours trading a mere knee-jerk reaction?

On Thursday, AAPL quickly bounced back, opening at $370.60 and closing at $373.70. The entire net effect of Jobs resignation dented Apple's stock less than 1%. Yesterday was about Steve Jobs resignation, the day after was about absorbing that news and looking at the realities of Apple. Today is an all-out vote of confidence in Tim Cook's ability to lead Apple forward.

Not a single analyst has downgraded Apple. As of 12:30 Eastern Time, AAPL is up another 2.31% ($8.65 per share) since the opening bell. AAPL is currently sits at $382.37. Analysts can say what they will, but at the end of the day talk is cheap, and only a company's value matters. Friday's strong uptick in Apple's value is a statement by Wall Street. The investment community is voicing confidence that Steve Jobs did instill a culture that will be successful well into the future, with Tim Cook being the right man to execute that future.

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