Apple stocks soar as Steve Jobs returns to company
Apple CEO makes iPad 2 announcement despite being on medical leave
Apple stock prices rose dramatically yesterday in the moments after Steve Jobs made a shock appearance on the San Francisco stage to unveil the iPad 2.
With stock prices having dropped significantly since the Apple CEO announced back in January he was to take his third medical leave of absence from the company since being diagnosed with pancreatic cancer in 2004, share prices rallied within minutes of the turtleneck wearing front man appearing on stage.
Making an appearance to officially unveil the eagerly awaited Apple iPad 2, Jobs announced: “We’ve been working on this product for a while and I didn’t want to miss today.”
Within just six minutes of Jobs’ face popping up on the Apple stage, shares in the company rose from $350.40 a share to $353.60 a pop before rising steadily throughout the hour-long conference to peak at $354.23 on the news the iPad 2 will hit US stores next Friday, March 11th.
As well as bolstering stock prices, Jobs appearance at the iPad 2 unveiling will no doubt appease shareholders who last week lambasted Apple for failing to unveil plans for Jobs’ successor should the talismanic CEO not be fit to fully resume his role within the company.
After months of anticipation, speculation and endless rumours, the Apple iPad 2, shown in our hands-on video below, was officially revealed touting the widely expected front and rear mounted cameras along with Apple FaceTime video calling technology. Joining the new snappers on the slimmed down, lighter iPad will be a speedy 1GHz dual-core processor and the option of a new lighter-hued, white model. The iPad 2 will be available for purchase in the UK on March 25th.