Apple Quits Macworld, Wall Street Worries
In a move likely to reignite questions in the blogosphere about Apple CEO Steve Jobs' health, the computer company late Tuesday announced that the keynote speech at next month's Macworld Conference & Expo in San Francisco will be delivered by Philip Schiller, the company's senior product marketing executive. Apple, which has been scaling back on international trade shows in recent years, also said that 2009 would be the last year it would exhibit at Macworld. Wall Street analysts and Apple investors have been abuzz over Jobs' health for some time.
"Apple is reaching more people in more ways than ever before, so like many companies, trade shows have become a very minor part of how Apple reaches its customers," the company said in a press release. "The increasing popularity of Apple's retail stores, which more than 3.5 million people visit every week, and the Apple.com Web site enable Apple to directly reach more than a hundred million customers around the world in innovative new ways." In the wake of the news, Oppenheimer & Co. downgraded Apple's stock from "outperform" to "perform."
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