Apple stocks dip following the rumors of Steve’s bad health

Reports were flying all over the internet that Steve Jobs’s failing health was the reason that Apple was not going to make an appearance at MacWorld from now on. Not surprisingly, following these reports there was a fall of about 2% in the shares of Apple. This has happened earlier also with rumors floating around on Steve Jobs’s health some time before. There was a fall from $87.92 a share to $86.15 in response to the reports.

But a point to be noted here is that this “rumor” was first published by Gizmodo who cited sources well placed within Apple, yet termed the report as “rumor”. Apple when contacted declined to comment on the issue, but a spokesman left things hanging in the air with the comment, “if ever Steve or the board of directors decided that he was no longer capable of doing his job as CEO of Apple, I’m sure they will let you know.”

Nothing to do except wait for the story to unfold.