Apple Shares Rise Following Steve Jobs Health Announcement

Posted on January 6, 2009

Apple CEO Steve Jobs finally addressed concerns yesterday about his obvious weight loss. Word that Jobs would not giving the keynote at Macworld raised concern that the Apple CEO was in ill health.

Jobs wrote a letter explaining that his weight loss has to do with a hormone imbalance. Steve Jobs said he will remain CEO during his recovery. A letter from Apple's Board followed saying that they support Steve Jobs.

Investors took the news in a positive way. Apple shares traded up over 4% on the day and closed at 94.58. You can see a stock chart here.

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