Apple's stock took an $8 billion hit after the news that design chief Jony Ive will be exiting the company

Apple's stock dipped only less than 1% after word came out that Jony Ive is leaving — but at Apple's scale, that equates to about $8 billion.

Apple's valuation took a notable dip in after-hours trading on Thursday after design chief Jony Ive announced he would be leaving the company. Upon news of Ives departure, Apple's stock dropped -0.87% — which is small in the grand scheme of things, but still shaved about $8 billion from Apple's market cap. Visit Business Insider's homepage for more stories.

Apple's valuation took a notable dip in after-hours trading on Thursday after design chief Jony Ive announced he would be leaving the company. Upon news of Ives departure, Apple's stock dropped -0.87% — which is small in the grand scheme of things, but still shaved about $8 billion from Apple's market cap. Visit Business Insider's homepage for more stories.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jony Ive Is Leaving Apple (to Start a New Design Firm That Works With Apple)The legendary designer, who created the iPod and iPhone, is on his way out.
Read more »

Apple Design Guru Jony Ive to Depart to Form Independent FirmApple said chief design officer Jony Ive, who has led the tech giant’s award-winning design team since 1996, will leave the company later this year. But he’s not falling too far from th…
Read more »

Legendary Apple designer Jony Ive to leave companyApple Inc. shares ticked lower in the extended session after the consumer electronics and software giant said legendary designer Jony Ive was leaving the...
Read more »

Legendary designer Jony Ive to leave Apple after 27 yearsHe was the design force behind Apple Inc.’s renaissance from the iMac up through the iPad and now he’s leaving the company after 27 years.
Read more »

Apple Design Chief Jony Ive to DepartApple said its chief design officer, Jony Ive, will leave this year to form an independent design company, with Apple being one of its primary clients.
Read more »

https://www.instyle.comInStyle is the leading site for celebrity style. See expert fashion advice, star hairstyles, beauty tips, how-to videos and real-time red carpet coverage.
Read more »