Following News That Jony Ive Is Leaving, Apple Stock Loses Billions

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It’s been about an hour since Apple announced that Sir Jony Ive, Apple’s design guru, is leaving to form his own design company. And the money men aren’t happy. In after-hours trading, Apple saw around $9 billion wiped from its market cap.

Now in the world of fickle stocks, Apple’s considered a relatively stable and good buy. Hell, $9 billion is only a 1 percent drop. (It’s, of course, also $9 billion.) Plus, it’s not like Ive is really going anywhere. Reports are saying his new design firm, LoveFrom, will still count Apple among its clients. Also, when was the last time Ive has really done anything? He’s been enjoying one of those amorphous and cushy executive positions without any real responsibility for years.


In any case, the man behind the anodized aluminum, is considered a vital driving force behind Apple’s signature designs. But, seriously, he’s not aiming a bazooka at Apple and flipping the bird. If you have Apple stock, chill. Hold it in your arms like the precious gold nugget it is. In any case, sudden dips like this aren’t likely to last—Apple will bounce back. It’s just funny as hell right now.

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About the author

Victoria Song

Consumer tech reporter by day, danger noodle by night. No, I'm not the K-Pop star.