So the news on Steve Jobs hasn’t been very good for shares of Apple, which has seen it’s shares drop recently However, the Royal Bank of Canada today downgraded the Apple stock price and slash its target of $125 per share down to $70. This all on claims of concerns of earning potential and uncertainty about the company’s leadership in other words Steve Jobs’ health.

I think Apple will be fine with or without Jobs. The ipod and iphone are still selling like gangbusters. And there should be some great new and exciting products in 2009 such as a new Mac mini, new iMacs and possibly a new 4GB iPhone.

This stock was selling at $200 a share not long ago. Even though we are in the grips of a recession, it seems people are still willing to pay top dollar for Apple’s most popular items.

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