It will be safe to say that most of the investors and tech lovers will be well aware who Steve Jobs is and if your knowledge is even a little more about Apple Inc. then you will be well aware about the charisma and brilliance of Steve Jobs, how he lead the company to heights and how can he be arguably called the best CEOs finance world has ever seen. Though it did not come as a surprise to the people who knew about him as his health was continuously deteriorating but this did leave a sort of shock among many. Here are some amazing facts about Steve Jobs and Apple which will deeply surprise you:
Job’s resignation did not downgrade Apple’s share value
Unlike in most of the other companies where the resignation of its working head leads to a flurry of downgrades and panic selling but in case of Steve Jobs resignation from Apply the Wall Street did not even react to the news. Analysts still rate the shares of Apply as “Buy” and the price target by these analysts of $497 of each share give it a 32% higher rate than the Thursday’s closing price.
Jobs has a bigger stake in Disney than in Apple
Jobs is not even among the top twenty of share holders of Apply but he own 7.4% or 138 million shares of Disney which makes him the top shareholder, even above Fidelity, Blackrock, State Street, and Vanguard which all have stakes ranging from 3% to 4.5% This total undisclosed share is just 0.5% in Apple and the value of that share is $2.1 billion.
Apply is sued everyday
When the market value of a company is $350 then it is safe to assume that you are a big target with deep pockets and lawsuits against you will be definitely profitable. In this still incomplete month of August, there have already been 13 lawsuits filed against Apple in South Korea, four cases of class action in U.S. as well as multiple cases of patent challenges and claims of price fixing.
Apple has not missed any quarterly estimate since 9 years
Apple is the only company except Cognizant Technology that has been able to meet its quarterly target from 35 consecutive months. The profits of Apple reported in the month of July stands at $7.3 billion which makes it the biggest contributor in S&P 500 for the second quarter. Due to Apple the earnings of S*P was 11.8% and without it the earnings of S&P 500 would have stuck at the increase of only 10% profits.
Steve Jobs holds more than 300 patents
According to New York Times, Jobs personally holds 313 patents which also includes the patent of a glass staircase. Most other of his patents are on tech, if you compare it with other tech masters then Bill Gates has 9 patents, Sergei Brin and Lary Page have about a dozen patents.
Job’s resignation did not downgrade Apple’s share value
Unlike in most of the other companies where the resignation of its working head leads to a flurry of downgrades and panic selling but in case of Steve Jobs resignation from Apply the Wall Street did not even react to the news. Analysts still rate the shares of Apply as “Buy” and the price target by these analysts of $497 of each share give it a 32% higher rate than the Thursday’s closing price.
Jobs has a bigger stake in Disney than in Apple
Jobs is not even among the top twenty of share holders of Apply but he own 7.4% or 138 million shares of Disney which makes him the top shareholder, even above Fidelity, Blackrock, State Street, and Vanguard which all have stakes ranging from 3% to 4.5% This total undisclosed share is just 0.5% in Apple and the value of that share is $2.1 billion.
Apply is sued everyday
When the market value of a company is $350 then it is safe to assume that you are a big target with deep pockets and lawsuits against you will be definitely profitable. In this still incomplete month of August, there have already been 13 lawsuits filed against Apple in South Korea, four cases of class action in U.S. as well as multiple cases of patent challenges and claims of price fixing.
Apple has not missed any quarterly estimate since 9 years
Apple is the only company except Cognizant Technology that has been able to meet its quarterly target from 35 consecutive months. The profits of Apple reported in the month of July stands at $7.3 billion which makes it the biggest contributor in S&P 500 for the second quarter. Due to Apple the earnings of S*P was 11.8% and without it the earnings of S&P 500 would have stuck at the increase of only 10% profits.
Steve Jobs holds more than 300 patents
According to New York Times, Jobs personally holds 313 patents which also includes the patent of a glass staircase. Most other of his patents are on tech, if you compare it with other tech masters then Bill Gates has 9 patents, Sergei Brin and Lary Page have about a dozen patents.
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