Recently, Apple (NASDAQ: AAPL) shares sold off on the announcement that company leader Steve Jobs would skip the keynote address at the next Macworld convention. This news fueled speculation that Jobs was in poor health.
Concern over succession at AAPL has become sport of late, and it's a big deal to certain investors. Shares dropped some $15 on the news.
Shares of AAPL have fallen more than 50% since late last year, even though the company has solidified its position in the PC market, maintained its lead in digital music and introduced one of the most exciting, must-have electronic items in 2008 -- the iPhone
AAPL is THE definitive growth company, and it is positioned to do well despite a weak economy.
That strength will translate into a dominant position in the market when times are good and consumers are flush with cash.
Think about it. If people are buying AAPL products when times are tough, imagine what will happen when consumers feel more confident about the future.
Hello, I am a PC, but I want to be a Mac.
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