James McKee

Apple Inc. And the US Economy



Posted: Wednesday, January 19, 2011

by James McKee
http://www.forex.tradingcharts.com

American companies have been suffering quite a bit recently however some are far more resistant than others.  Apple has been at the forefront of American financial prosperity despite the recent economic turmoil being experienced in the United States.  It is no surprise that Apple Inc. is a technology based company, for many years now America has left the production arena of the business market and moved on to research and development as well as many web based businesses.

Apple Inc. currently trades at close to $340.00 a share compared to less than $100.00 a couple years ago.  The company is a superstar not only where its stock is concerned but also with regard to its overall sales figures.  At the heart of Apple Inc. is Steve Jobs their CEO and the man many consider to be responsible for the overwhelming success of Apple.  He is so instrumental in fact that two years ago when he took medical leave Apple stock was sent tumbling down by nearly ten percent.

A couple days ago Steve Jobs again went out on medical leave and again Apple Inc. stock saw an 8 percent drop in its stock value.  Any negative activity within one of America’s largest companies is something the American economy could certainly go without since it is already extremely volatile.  Traders on the Forex currency exchange should keep tabs on the health of Steve Jobs, if he were ever to die than Apple stock and the company itself would be in serious trouble.
Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates regularly.
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