Steve Jobs takes a leave

Apple logo

 

 

Technology tycoon and Apple™ CEO has announced he’s taking a medical leave of absence.

 

Steven Paul Jobs who is 55 years-old, will continue as Apple’s chief executive and will be involved in major decisions but has asked Tim Cook to be responsible for all day-to-day operations, according to reports from the Daily Mail.

 

In the past, Jobs received a liver transplant and suffered from pancreatic cancer.

 

I have asked Tim Cook to be responsible for all of Apple’s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011 (…) I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy: Steve Jobs.

 

It is uncertain when Mr. Jobs will resume his business activities and how the leave is going to affect the company’s finances and marketing. At least two Apple™ events are expected in the next six months: it is widely predicted that Apple™ will launch a new iPad in the spring and the company has launched a new iPhone in June every year since 2007.

 

According to The Telegraph, in Frankfurt, Apple™ shares fell 4.5% on the news. US markets are closed today for the Martin Luther King Jr. holiday.

Apple founders
Steve Jobs, John Sculley and Steve Wozniak

 

January 17th, 2010.

 

TRC

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