Wednesday, August 24, 2011


Yesterday, Steve jobs announced his resignation of Chef Executive Officer of Apple Inc. The news caused Apple's shares to drop by 7%, while Samsung and HTC's shares to jump by 3%. Some articles are suggesting that Jobs's departure was the direct result of the drop of shares and the reason for the rising of Samsung's shares, saying that investors believe that Jobs departure has "...Opened the door for rival Samsung Electronics at a crucial time in the battle for smartphone supremacy in salesrooms and courtrooms around the world". 

I believe that Steve Jobs' resignation will have little effect in Samsung's sales, however due to the huge sales in their galaxy phone line, Samsung is already catching up to Apple and will likely overtake Apple in the smartphone race regardless.

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