In recent months Steve Jobs has been flying more frequently around the world. When Jobs flies on his personal jet he bills Apple, and these expenses show up in the Apple quarterly reports. In the most recent June report, Steve's expenses jumped from $30,000 to $102,000. It is also notable that in the last three months of 2007, Jobs racked up $550,00 in expenses. These peaks in travel time for Jobs show a strong sign that he is involved in face-to-face discussions with potential partners, assuring investors of his health admist concerns that have hurt the stock.While it is unclear as the to specific nature of the trips, Jobs may be integral in negotiating with carriers to bring the iPhone 3G to more countries. Apple introduced the iPhone 3G on July 11 in 21 countries; France became the 22nd country to sell the revamped smart phone on July 17. The company said that the latest iPhone would go on sale in 20 additional countries by August 22.
It could also have something to do with the new mysterious product that Apple has referred to as a "future product transition". Unfortunately there is no real evidence as to what Jobs recent spike in travel is related to, but the spikes do show that Jobs is working on something that requires his frequent involvement.
|