Steve Jobs Got A New Porsche Every 6 Months: Here's The Strange Reason Why
Portfolio Pulse from Chris Katje
The article discusses a unique habit of the late Steve Jobs, co-founder of Apple Inc (NASDAQ:AAPL), who used to buy a new black Porsche 911 every six months to avoid having license plates, exploiting a California loophole that didn't require plates on new cars for up to six months. This practice, known as the 'Steve Jobs Loophole,' ended in January 2019 when California mandated temporary plates at the time of new vehicle sales. Jobs, who served as Apple's CEO from 1997 until 2011, was known for his leadership and the introduction of the iPhone.
December 27, 2023 | 2:58 pm
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The article recounts a quirky story about Steve Jobs, the former CEO of Apple, and his practice of buying new cars to avoid license plates. It highlights his impact on Apple, including the introduction of the iPhone.
While the story is interesting and highlights the character of Apple's late CEO, it does not have a direct impact on Apple's current operations or stock price. The information is historical and does not pertain to current company performance or future outlook.
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