Jobs health rumor hits Apple stock

Apple's stock fell, then rebounded, after a report that CEO Steve Jobs bowed out of next week's Macworld Expo keynote because of declining health.

Apple's stock fell abruptly on Tuesday, but later recovered some ground, after an online report said CEO Steve Jobs bowed out of next week's Macworld Expo keynote address because of declining health.

In a report it labeled "rumor," the gadget blog Gizmodo quoted an unnamed source as saying Apple "is choosing to remove the hype factor strategically" by holding the keynote without Jobs, whose "health is rapidly declining." Gizmodo said the source had been correct in the past, though only about Apple products and not about Jobs. Apple did not comment for the Gizmodo post and did not immediately respond to IDG News Service requests for comment.

Apple's Nasdaq stock (AAPL), which had closed at US$86.61 on Monday, fell as low as US$84.72, a drop of about 2 percent. But shares ended the day at $86.29, down just $0.32, or 0.37 percent.

Apple announced on Dec. 16 that Phil Schiller, senior vice president of worldwide product marketing, would deliver the keynote at Macworld Expo in San Francisco on Jan. 6. For many years since he returned to Apple in 1997, Jobs has given that speech and used it as a launch platform for important products, including the iPhone in 2007 and the MacBook Air in 2008.

At the same time, Apple said it would stop exhibiting at Macworld Expo after the January event. The company said trade shows had become a minor part of its marketing strategy.

Concerns have been raised about Jobs's health since his appearance at Apple's Worldwide Developer Conference in June, when some observers said he appeared gaunt. Jobs said in 2004 that he had undergone surgery for pancreatic cancer. On Oct. 3, Apple shares fell more than 10 percent after a report that Jobs had suffered a major heart attack. The stock recovered after Apple said the report, from a "citizen journalist" on an unfiltered section of CNN's Web site, wasn't true.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags steve jobs

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Stephen Lawson

IDG News Service
Show Comments

Cool Tech

Bang and Olufsen Beosound Stage - Dolby Atmos Soundbar

Learn more >

Toys for Boys

Nakamichi Delta 100 3-Way Hi Fi Speaker System

Learn more >

ASUS ROG, ACRONYM partner for Special Edition Zephyrus G14

Learn more >

Sony WF-1000XM3 Wireless Noise Cancelling Headphones

Learn more >

Family Friendly

Mario Kart Live: Home Circuit for Nintendo Switch

Learn more >

Philips Sonicare Diamond Clean 9000 Toothbrush

Learn more >

Stocking Stuffer

SunnyBunny Snowflakes 20 LED Solar Powered Fairy String

Learn more >

Teac 7 inch Swivel Screen Portable DVD Player

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?