Perhaps you can add “succession planning” to the list of areas where Steve Jobs has revolutionized the industry.
My theory is that Jobs’ resignation has been baked into the AAPL stock price all of this time (how couldn’t it be?) and the smooth transition and long term planning being revealed is being applauded by investors.
At the time of this writing, AAPL is at 352.63B while XOM is at 351.04B. expand full story