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IPhone -Apple CEO to Take Medical Leave

January 17, 2011

Apple CEO to Take Medical Leave

By Chris DiMarco
TMCnet Web Editor

Apple’s Steve Jobs (News - Alert) announced today that he will be taking medical leave to address health concernt but will stay on as the company's CEO . Though it is currently unknown what health issues the leave intends to address, Jobs has had a history with pancreatic cancer which he developed in 2004, and later beat. The Apple front man also underwent a liver transplant in 2009. The medical leave was announced via email to the Apple (News - Alert) team earlier today.

In the email Jobs said, “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.”

TMC's CEO Rich Tehrani (News - Alert) says, "Steve Jobs is the outward-facing heart and soul of Apple and more than likely cannot ever be replaced. However, the breadth of creative products and solutions Cupertino has produced as well as the lead the company has over the competition will ensure that for the foreseeable future, Apple will continue to be a major technology force, forging new industries and rapidly gaining market share."

Analysts echo this sentiment, saying that that Jobs' health should have no effect on the release of either the iPad 2 or iPhone (News - Alert) 5, both of which have been in development for some time and should be released some time this year.

In an article for Business insider, Dan Frommer points out, “these products have been in development for at least a year, probably much longer, we don't expect any delays to result because of Jobs' leave. Perhaps some elements of the presentation may be different, but most of the big-picture stuff has long been decided.”

Apple intends to release its Q4 earnings report tomorrow, and the platform may be used to give an update on the company’s CEO.

Chris DiMarco is a Web Editor for TMCnet. He holds a master's degree in journalism from Quinnipiac University. Prior to joining TMC (News - Alert) Chris worked with e-commerce provider Suresource as a contact center representative and development analyst. To read more of his articles, please visit his columnist page.

Edited by Chris DiMarco

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