Steve Jobs takes a leave of adsence due to health issue


Steve Jobs sent this email to Apple staff today:


At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.

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.



1. Get well Steve.
2. This will be Tim Cook’s second opportunity to steward the business while Steve Jobs is away. The first was when Steve had a liver transplant in 2009.
3. Apple are in great shape, the second most valuable business in the world and preparing to launch the iPad 2 (End of March/Early April) and iPhone 5 (July/August 2011).
4. The more cynical will watch the share price, rather than the product launches over the coming months.

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