Questions about Recession, Jobs Dodged by Apple

Apparently, some analysts over at Wall Street have turned just as toothless as those reporters were when the topic in question is about Apple. Despite grilling the temporary Apple head Tim Cook as well as Peter Oppenheimer, the Chief Financial Officer for forty five minutes, only a single person had asked about the actual health condition of Steve Jobs, former CEO of the company. No one had raised the issue of the supposed Securities and Exchange Commission’s investigation about their handling of such news.

First Reports on Head Honcho’s Condition

It was news giant Bloomberg that was first in releasing news last Wednesday about the Securities and Exchange Commission getting a look into how and why Apple had ended up misleading their investors when it comes to the topic of their leader’s health condition. Several months of questioning had passed and people really began noticing his thin appearance until finally Steve Jobs himself ended up announcing that he actually had a hormone imbalance which deprived him of the right digestion. Seven days later, he then announced that his health condition was actually a lot worse than he initially thought and as a result he would be required to take half a year’s worth of leave of absence from the company. For the coming six months, Jobs mentioned, it would be Tim Cook who will be acting as the Chief Operating Officer of the company. Tim Cook has served as the right hand man of Steve Jobs for almost a decade now.

But apparently, the business analysts would not date ruins this duty call for both Cook and Oppenheimer. It was recently reported that the company Apple ended up with a shattering recession-defying figure in sales that was pretty much the exact opposite of what is happening in the industry as well as the rest of the world. When reports came in, it was found out that during the fourth quarter of the year 2007 the net income generated by Apple was at an astounding one point sixty one US dollars. Converted in percentages, this was around one dollar and seventy-eight cents per diluted share based on a total sales figure of around ten point seventeen billion dollars. Their income ended up being even when compared to the fourth quarter income reports for the tear 2007. But what made this extra special was the fact that their total revenue was actually six percent higher on a year-to-year mark.

Answer to ‘How’s Steve?’

There was only one simple question asked about the CEO which made everyone stop and listen, “How’s Steve?” Mr. Oppenheimer had replied that Steve Jobs is still the CEO of Apple company and as always, planned to be very much involved in the strategic decisions while Tim will be the one to handle the day to day functioning of the company.